Wednesday, October 19, 2011

Spending Plans

When dealing with a spending plan, why is it important to distinguish between income, flexible expenses and fixed expenses?

25 comments:

paigeh said...

It is important because you should be able to have your money organized. It is also good to operate all of your items that youn have spent.

Ryan B. said...

I think its important because your income is usually set so you must know your fixed and flexible expenses. If its flexible you can change the amount you spend on it if you need to.

Carissa Sudenga said...

It is important that way you know how much money you are able to spend. Your income is the money that you use to pay for your fixed expenses and flexible expenses.

AngeleW said...

To make sure you always know how much money you have and how much you are spending on certain things and make sure your not spending more then what you have

Marcus Goodfellow said...

It is important to be able to distinguish between them because you need to know how much you are earning, how much money you have to spend, and how much money that you already need to spend, in order to creat a good spending plan.

Matt Hageman said...

it is important so you know how much money to spend on certian items.

MNelsonGOV said...

It is important because you should know what money is coming in and what money you have to spend. You must know all of your fixed and felxible expenses.If it is flexible you can choose how much you spend on it. It is important to be organized wit your money.

Hans Tvedt said...

It is important because your flexible expenses change depending on your situation and your fixed expenses will stay the same.

Brenndon gov said...

so you can decide what money needs to be paid like bills, how much money you have to spend, and what you can buy after all your bills.

dayton.gov said...

It is important to know because, you want to be organized wit your money and not over speed because then you will have to pay even more in over draft fees and also pay for what you were trying to buy in the first place. You need to make a plan.

zachpepperman said...

It is important because you should know your income so you dont over spend on the expenses. Flexible expenses can change so you dont go over the income you make, but the fixed expenses are all the same all the time so there for you cant change those expenses.

katie_is_awesome said...

Income is the amount of money you will have. A flexable expense is an expense you can lower or cut out of your budget. A fixed expense is an expence that you have and must pay each month. It is important to know the difference between these so you can keep track of your money.

Brenndon gov said...

It is important because you need to know how much money you have to spend, pay bills with, and any other expenses

Kaig Havrevold said...

Income is the money that you have, like your pay check. Fixed expenses are things that will be paid with the same amount of money every month. Flexible expenses are things that can change every month. It is important because you need to know how much money you have and where that money is going.

Kayla Palmer said...

Your income is money you earn.Which you must know your flexible and fixed expenses to know how much to spend.

AshleeMae said...

When dealing with a spending plan, it is very important to distinguish between income and flexilble and fixed expenses. The reasoning is that your income is used towards all expenses. Flexible expenses can be adjusted to increase the percent of income you have, while fixed expenses can not.

Dan Mitchell Gov. blog said...

You need to know how much income you make, so you can pay for your fixed expense for sure and then you will know how much you can spend on flexible expenses.

Dan Mitchell Gov. blog said...

You need to know how much income you make, so you can pay for your fixed expense for sure and then you will know how much you can spend on flexible expenses.

Micah said...

It is important because it is very beneficial to know your fixed and flexible expenses cause you usualy cant change ur income but you can change your flexible expenses

Colton Eckman gov. said...

you need to know how much money you have and where it is all going. if you dont you may go bankrupt and suffer financial distress

Ryanz31 said...

you need to know what your income is to be able to distingish what you fixed and flexible expenses will be. fixed are a set price and flexable will change monthly!!:)..... =D...... xD...... :P

Trevor Bolstad said...

It is important to distinguish between your income, flexible expenses, and fixed expenses so you can keep your spending plan organized and easily see what you are spending to much money on.

Adam Fideler Gov. said...

yes it is very important that way you know how much money you are able to spend. Your income is the money that you use to pay for your fixed expenses and flexible expenses.

Talon Gov. said...

it is very important because you need to be organized with your money and know what is needed and what s just wants and having not having a fixed or felxible alows you to keep changing your money habits

Kyle Thomsen said...

It is important because it is one of the only ways to know what you are truly making.