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Your roommate did not go to college and is working fast food. They bring home $1200 a month. How does this affect the household budget planning? What happens if they lose their job or get very sick and miss work for two weeks? Answer in 1-2 paragraphs.

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ajinems

The monthly income of $1200 is one of the factors that helps a family plan a household budget and in the absence of which posses a budget challenge to the family.

What is household budgeting?

Household budgeting is a means used by the family to plan strategies for stretching their money further and spending less.

The factors that affect family budget planning include the following:

  • Income of the Family,

  • Size of the Family,

  • Composition of the Family,

  • Occupation of the Family members and

  • Intercity Differences.

Therefore, if the income of your roommate which is $1200 stops, it will abruptly affect the household budget plans.

Learn more about budgeting here:

https://brainly.com/question/6663636

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