Posted by **ciara** on Monday, October 3, 2011 at 3:24pm.

George's car insurance comes due every six month. What is the best way to budget for this expense?

A.He should wait for the premium notices to arrive and pay them from his current income.

B.He should put the entire amount of the premium in a savings account the first time he gets paid at the beginning of the year.That way, adequate funds will be there when he needs them.

C.He should averge the annual cost of the insurance by dividiing the total premium by 12. Then, he should budget the resulting monthly amount under the heading,Insurance. Finally,he would do well to put that monnthly amount in his savings account and pay the premiums when they come due from the amount he has saved

D.He should get ask his employer to withhold the amount needed to pay the premiumms from his paychcheck.

i don't have an answer to this can you give me a clue ? please!

- budgeting -
**Ms. Sue**, Monday, October 3, 2011 at 3:36pm
Many people don't have this amount of money at one time -- unless they put some away each month.

- budgeting -
**Writeacher**, Monday, October 3, 2011 at 3:58pm
... or are lucky enough to have insurance with a company that will take monthly payments.

- budgeting -
**Ms. Sue**, Monday, October 3, 2011 at 4:00pm
The insurance companies I know charge extra for monthly, rather than annual or semi-annual payments.

- budgeting -
**b**, Thursday, November 3, 2011 at 3:07pm
whats the answer?

- budgeting -
**CHris **, Friday, February 24, 2012 at 1:57am
Whats the answer please.

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**Gfh **, Monday, October 1, 2012 at 1:08pm
Can some one gave the right answer for this please

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**Luke**, Thursday, May 16, 2013 at 1:00pm
I say C.He should averge the annual cost of the insurance by dividiing the total premium by 12. Then, he should budget the resulting monthly amount under the heading,Insurance. Finally,he would do well to put that monnthly amount in his savings account and pay the premiums when they come due from the amount he has saved

because in order to officially know how much one should set aside they must plan a specific goal and calculate to make sure they aren't going over their budget or going into the money they have set aside for another important bill.

- budgeting -
**random**, Tuesday, October 27, 2015 at 2:40pm
the answer is C

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