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.
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To keep her finances in check, Yoli should first figure out her total monthly budget and the number of days in the month. For instance, if her budget is $600 for a 30-day month, she’ll need to cap her fixed expenses at $20 per day. This means she should aim for $600 ÷ 30 = $20, keeping her expenses in line while enjoying the daily cost of living within her means! Next, Yoli might consider tweaking her fixed expenses. This could involve negotiating better rates on bills, switching to more budget-friendly services, or even examining recurring subscriptions. Perhaps she realizes she's paying for a gym membership she barely uses. Every small adjustment counts toward her overall financial stability, allowing her to stay on budget without sacrificing too much!
