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Lesson 19Passing the Sugar Balanced Diet Themes lesson integrates chemistry, physiology, math, and health concepts. Students estimate the number of sodas and sport drinks they drink in a week and
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Begin by listing all of your sources of income for the month.
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Next, list all of your fixed expenses such as rent, utilities, and loan payments.
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Subtract your fixed expenses from your income to determine how much discretionary income you have.
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Allocate this discretionary income towards variable expenses such as groceries, entertainment, and savings.
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How to balance your is a process of ensuring that your income and expenses are in line so that you are not spending more than you earn.
Any individual or organization that wants to manage their finances effectively should file a balance sheet to track their income and expenses.
To fill out a balance sheet, you need to list all your income sources and expenses and then calculate the difference to see if you are running a deficit or surplus.
The purpose of balancing your finances is to ensure that you are living within your means and that you are not accumulating debt.
The information reported on a balance sheet includes all sources of income, such as salary or investments, and all expenses, such as rent or groceries.
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