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March 30, 2017

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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 - ,

    Many people don't have this amount of money at one time -- unless they put some away each month.

  • budgeting - ,

    ... or are lucky enough to have insurance with a company that will take monthly payments.

  • budgeting - ,

    The insurance companies I know charge extra for monthly, rather than annual or semi-annual payments.

  • budgeting - ,

    whats the answer?

  • budgeting - ,

    Whats the answer please.

  • budgeting - ,

    Can some one gave the right answer for this please

  • budgeting - ,

    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 - ,

    the answer is C

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