What can be cut from a person’s budget in order to save money?(1 point)

Question

Responses

essential expenses

income from wages

income from interest

non-essential expenses

explain which is correct

Answer 1

Non-essential expenses can be cut from a person's budget in order to save money. These are expenses that are not necessary for basic living and can be reduced or eliminated to free up funds for saving or paying off debt. Examples of non-essential expenses include dining out, shopping for non-essential items, entertainment such as subscriptions or streaming services, and other discretionary spending. Cutting back on these expenses can help a person save money and improve their financial situation.