Accountancy, asked by laxmanbirajdar1991, 8 months ago

one of the element is not a basic element of a budget

Answers

Answered by Anonymous
6

Answer:

All basic budgets have the same elements: income, fixed expenses, variable expenses, discretionary expenses and personal financial goals. By combining these elements, a person can create a simple monthly budget.

Answered by KajalBarad
0

Not a basic element of a budget :-

  • Unplanned expenses
  • emergency expenses
  • Unplanned expenses and savings

These are the fixed expenses that :-

  • Rent/ Mortgage Payment.

  • Utilities (Water, Trash, Electricity, Sewer)

  • Cable + Internet.

  • Maintenance.

  • Home Insurance.

  • Property Taxes

  • Flexible expenses.

  • Fixed expenses

There are two sides to the equation.

There is your income, and then there are your monthly costs.

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