Alberto is making a budget. He owes a cell phone bill of $60 per month for 23 more months, plus the fees for any extra usage such as text messaging or extra minutes. Which of the following is the correct category for this expense?

a.

Essential (flexible) expense

b.

Emergency fund

c.

Essential (fixed) expense

d.

Non-essential expense

Question

Mathematics

Zechariah Potts

9 September, 02:37

Alberto is making a budget. He owes a cell phone bill of $60 per month for 23 more months, plus the fees for any extra usage such as text messaging or extra minutes. Which of the following is the correct category for this expense?

a.

Essential (flexible) expense

b.

Emergency fund

c.

Essential (fixed) expense

d.

Non-essential expense

+4

Answers (1)

Know the Answer?

Gunner · Answer 1

I'm not sure what your book is saying about the matter but a cell phone is not usually an essential expense. If it is saying it is though, it would be an essential flexible expense.