Question

To revise a monthly budget, changes in which categories might need to be addressed? Check all that apply.

a. income
b. amount budgeted
c. equity
d. expenses
e. housing advantages

Answer 1

To revise a monthly budget, changes may need to be made in the income, amount budgeted, and expenses categories.

Step-by-step explanation:

To revise a monthly budget, changes in the categories that might need to be addressed include:

• Income: If there are changes in your income, such as a raise or a new job, it will affect your budget.
• Amount budgeted: If you find that you are consistently overspending in certain categories, you may need to allocate more funds to those areas.
• Expenses: Analyzing your expenses and identifying areas where you can cut back can help you revise your budget and allocate funds more effectively.

By addressing these categories, you can ensure that your budget remains accurate and reflective of your financial situation.