How would following this budget most likely affect the individual?
26.
Budget Item
Mortgage payment
Taxes
Food
Automobile payment
Utilities (Water, Cable, Phone,
etc.)
Savings
Budget Amount
$600.00
$150.00
$500.00
$425.00
$130.00
$250.00
A low credit rating would be assigned to the individual
ООО
There would be an outstanding debt owed to creditors.
The individual would have money set aside for future use.
The amount of money spent on variable expenses would decline.