Final answer:
When budgeting, log fixed expenses before income to prioritize essential expenses.
Explanation:
When creating a budget, log fixed expenses should be done before income to ensure that essential expenses are covered before considering available funds. By prioritizing fixed expenses first, such as rent, mortgage payments, and insurance, you establish a baseline for financial planning.
Example:
If your rent is [tex]$1000 a month and your income is $[/tex]3000 a month, you need to ensure that the rent is covered before allocating the remaining $2000 to other expenses like utilities or savings.
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