9
AssignmentMultiple Select

Creating a Personal Budget

Question 9 • EA Academy Civics 9

Mitch has created a budget that includes mortgage, food, car, and entertainment expenses. Which other expenses should he also include? Choose four correct answers.utilitiesout-of-pocket medical expensesgasincome from investmentssavings for his emergency fund

Answer
A
utilities
B
out-of-pocket medical expenses
C
gas
D
income from investments
E
savings for his emergency fund

Explanation

A complete budget should include regular bills and other costs Mitch may need to pay. Utilities, out-of-pocket medical expenses, and gas are expenses, and saving for an emergency fund is also a planned use of his money. Income from investments is money coming in, not an expense.

AI-written and checked against the verified answer.

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