Question

Which category of estimated revenues (money brought inmoney made income accounts for the largest share of the city's budget? Explain and provide at least three examples

Answer 1

The following are the three categories from my budget where I spend lot of money:

i) Housing

ii) Transportation

iii) Living Expenses

Step-by-step explanation:

Budget means preparing an estimation of expense list for specific period of time based on the income. Framing a budget can help in saving money. The budget sheet helps to decide on what to spend and how much to spend for a month.

Even though we make budget, there are some categories which consume huge amount. Some of them are housing, transportation, living expenses, debt payoff and savings.

The rent of the house depends on the area of living. It is important to choose the house with rent of 35% or less of the take home income of an individual.

Step-by-step explanation: