Answered

Kathy has estimated her income for the month and is now determining how much
she wants to save for the month. Which step in the budgeting process is she
completing?
a) Budgeting emergency funds and savings
b) Budgeting fixed expenses
c) Budgeting variable expenses
d) Recording spending amounts
e) Reviewing spending and saving patterns



Answer :

GinnyAnswer

Final answer:

Kathy is completing the step of budgeting variable expenses in her budgeting process to determine her monthly savings amount.


Explanation:

Budgeting variable expenses is the step in the budgeting process that Kathy is completing when determining how much she wants to save for the month.

Kathy is focusing on expenses that can change based on needs and wants, such as groceries, dining out, and clothing, which fall under variable expenses.

By budgeting variable expenses, Kathy can control and allocate a portion of her income for saving purposes, allowing her to track and manage her spending more effectively.


Learn more about Budgeting variable expenses here:

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