Answered

Marcus has reviewed his budget and discovered that he is spending more than he makes. Which of the following budget categories should he focus on reducing spending first?

A. car payment
B. mortgage
C. food
D. insurance



Answer :

GinnyAnswer

Final answer:

Provide recommendations on reducing spending, increasing income, and reevaluating fixed expenses for Marcus and Amanda's budget.


Explanation:

Recommendations for Marcus and Amanda's Budget:

  1. Reduce Spending: Cut back on non-essential expenses like entertainment and dining out.
  2. Increase Income: Consider finding additional sources of income, like a part-time job.
  3. Reevaluate Fixed Expenses: Look into refinancing loans or adjusting fixed expenses like car payments if possible.

It is crucial for Marcus and Amanda to address their budget deficit by making strategic changes to their spending habits and evaluating their income sources.


Learn more about budget management here:

https://brainly.com/question/28920558


Other Questions