Final answer:
To manage a situation where expenses surpass income, it's advisable to cut back on variable costs to maintain financial stability.
Explanation:
When your expenses exceed your income, you should cut back your variable costs. Variable costs are expenses that can change from month to month based on your needs and wants and are not fixed like rent or mortgage payments. By reducing variable costs such as dining out, entertainment, or clothing expenses, you can better manage your budget.
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