4
People put themselves on a budget to keep their expenses below their income.
Keep your expenses below your income
Pete's parents are young, and their income is still rather limited. The childcare center that Pete attends is not staffed well, but it is within his parent's budget. What would you expect as a result of Pete attending this childcare facility? Pete's parents are young, and their income is still rather limited. The childcare center that Pete attends is not staffed well, but it is within his parent's budget. What would you expect as a result of Pete attending this childcare facility? Pete's parents are young, and their income is still rather limited. The childcare center that Pete attends is not staffed well, but it is within his parent's budget. What would you expect as a result of Pete attending this childcare facility? Pete's parents are young, and their income is still rather limited. The childcare center that Pete attends is not staffed well, but it is within his parent's budget. What would you expect as a result of Pete attending this childcare facility? Pete may be more aggressive. Pete may be more aggressive.
Maintenance --- DisadvantageOne downside of having a budget is that once you establish it you now have to maintain it on an ongoing basis. If you miss a month, week or even a day of maintaining your budget it could throw you off track of your entire plan. You may find yourself spending a lot of time monitoring your budget details, making updates, identifying issues and solving them. Be prepared for the time required to properly maintain a budget.Lifestyle Change --- DisadvantageAnother disadvantage of a budget is that it requires you to make a lifestyle change. You have to make changes that could significantly disrupt your routine. For example, if your budget demands, you must start making your own coffee in the morning and packing it in a thermos instead of visiting your favorite coffee shop for an expensive latte. You may also have to relinquish a few of your favorite cable channels to stay on track. In some cases the lifestyle change is temporary as you build up your savings accounts or seek better paying employment.This is answer is given by kunal kdayan to thanx or contact please join him on facebook at kunal_kadyan@yahoo.com.
32 million
there is no discretionary income
Discretionary spending
474
discretionary spending
474
Discretionary spendingDiscretionary spendingDiscretionary spending
the amount of money available in a budget after all identified expenses has been paid
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
Discretionary spendingDiscretionary spendingDiscretionary spending
A total consumption budget means that all the money is spent on planned needs, and there is none left over as discretionary income.
Anything can be paid for with discretionary income. That's what makes it discretionary. "Discretionary income" isn't a real "thing". It's actually all just income. "Discretionary" income refers to what's left over after you've paid for necessities: food, water, shelter, taxes, "fixed costs", things like that. So, probably the item among the following that isn't actually a NEED is the one the question is looking for.