Matthew is concerned about his ability to save money regularly and has prepared a budget. Which of the following budget classifications would be most appropriate for Matthew's budget? a. Savings as a variable expenditure b. Savings as a fixed expenditure c. Saving whatever may be left over d. Savings withheld from income and deposited directly to savings

Matthew is concerned about his ability to save money regularly and has prepared a budget. Which of the following budget classifications would be most appropriate for Matthew's budget? a. Savings as a variable expenditure b. Savings as a fixed expenditure c. Saving whatever may be left over d. Savings withheld from income and deposited directly to savings

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

Section3.5: Reaching Your Goals Through Budgeting:

Problem 2CC

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Question

Matthew is concerned about his ability to save money regularly and has prepared a budget. Which of the following budget classifications would be most appropriate for Matthew's budget?

a. Savings as a variable expenditure

b. Savings as a fixed expenditure

c. Saving whatever may be left over

d. Savings withheld from income and deposited directly to savings

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