elianna118 elianna118

15-06-2024
Business

Answered

Select the correct answer.

Marcus has reviewed his budget and discovered that he is spending more than he makes. Which of the following budget categories should he focus on reducing first?

A. Insurance
B. Mortgage
C. Food
D. Car payment

Answer :

GinnyAnswer GinnyAnswer

15-06-2024

Final answer:

To address overspending, Marcus should prioritize reducing expenses in the car payment category.

Explanation:

Identifying the Budget Category to Reduce Spending

When Marcus is spending more than he makes, he should focus on reducing expenses in the category of car payment. This category often accounts for a significant portion of monthly expenses and cutting back on it can help balance the budget.

Learn more about budgeting and expenses here:

https://brainly.com/question/34903472

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