8947 users searched for this homework answer last month and 34 are doing it now, let’s get your homework done.
This Top Homework Answer is High School level and belongs to the Business subject.
This answer got 66 “Big Thanks” from other students from places like Country Lake Estates or Hammonton.
What is the maximum percentage of net spendable income that should be set aside for housing? A) 25% B) 38% C) 36% D) 28%
Answer;-38 %Explanation;-Budget busters are the large potential problem areas that can destroy a budget. Failure to control even one of these problem areas can result in financial disaster.-Housing takes about 38 percent of your monthly budget. Housing decisions should be based on need and financial ability, not on internal or external pressure.-Food takes 12 percent of your monthly budget. The reduction of a family’s food bill requires quantity and quality planning.-Transportation (purchase and maintenance), takes 15 percent of your monthly budget, Debts takes 5 percent of Net Spendable Income, Insurance takes 5 percent of Net Spendable Income assuming an employer provides medical insurance, Recreation/Entertainment takes 5 percent of Net Spendable Income, Clothing takes 5 percent of Net Spendable Income, Medical and dental takes 5 percent of Net Spendable Income and Savings takes 5 percent of Net Spendable Income.
Students are also searching for
- what did you include in your response? check all that apply.
- the light given off by an electric discharge through sodium vapor is
- which of the following is a compound sentence?
If you have more homework to do you can use the search bar to find the answer to other homework: 200 have done it today and 74 in the last hour.
Help your mates do their homework and share Top Homework Answers with them, it’s completely free and easy to use!