14. Examine your assumptions. How likely are certain events
to occur? Perform several what-if
analyses on your budget, providing the impact of (a)
reducing income with expenses remaining
constant; (b) increasing expenses with income remaining
constant; (c) reducing income and
expenses; and (d) increasing income and expenses. Discuss
the different scenarios you explored.
How much cushion does your projected income give you if
expenses increase? What are some
things you can do in your budget to accommodate this
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