6) Yoli wants to try adjusting her fixed expenses to try to stay within budget. a. Calculate how much her fixed expenses need to be to stay within budget on per day.

To determine how much Yoli can allocate toward fixed expenses per day, she needs to first establish her total monthly budget. Let's say her total budget is $1500 a month. To convert that into a daily budget, she'd divide that amount by the average number of days in a month, which is about 30. Therefore, $1500 divided by 30 gives her $50 per day that she can spend. From this, she can then deduct any variable expenses to figure out the fixed expenses she can afford to maintain that budget. Now, it’s important for Yoli to categorize her fixed expenses. These may include rent, insurance, and debt payments, which typically don't change from month to month. By listing all fixed expenses and analyzing them, Yoli can identify which areas she might tweak to stay within that $50 daily allowance.