The paymentitems that should be budgeted first are
A)variable expenses.
B)investment funds.
C)fixed expenses.
D)unplanned living expenses.
E)entertainment expenses.

Question

Quizplus · Accepted Answer

Fixed expenses should be budgeted first as they are regular and necessary expenses, such as rent or mortgage payments, utilities, insurance premiums, and loan repayments. These expenses are typically the same amount each month, making them easier to budget and plan for. Variable expenses, unplanned living expenses, and entertainment expenses can be adjusted according to the available funds after fixed expenses have been accounted for. Investment funds may also be important to budget for, but this will depend on individual financial goals and priorities.

The Paymentitems That Should Be Budgeted First Are