Question 1 (1 point)
Exercise
Complete your first Exercise now by typing your answer in the box marked “Enter your response here.” When you’re done, hit the Submit button.
Think about the budgeting steps:
Step 1: Identify your income. What money do you have coming in?
Step 2: Identify expenses, both fixed (non-changeable, such as rent or cable) and variable (may change, such as food and entertainment).
Step 3: Determine your savings or debt. What’s left over when you deduct total expenses from total income?
Now create your own budget in two columns on a piece of paper, listing your income and both fixed and variable expenses. What's your savings or debt? How can you adjust your spending?
Exercise activities are not graded and will not be viewed by your instructor. Your answers are for your benefit only.
Question 1 options:
