Question: the following question and post your revised budget as directed below. What situations might have created the budget deficit for the Constantine family? What amounts
the following question and post your revised budget as directed below. What situations might have created the budget deficit for the Constantine family? What amounts would you suggest for the various categories for the family budget? Remember, financial obligations that are contractual in nature cannot be easily changed. For example, the amount a person pays for rent or mortgage is typically stipulated in a lease or mortgage agreement. Consequently, there is limited discretionary freedom to change the amount. So, as you revise the budget take care of what the Constantine family has the ability to change. At the end of the month, budgets should at a minimum balance; that is, the income coming in should be enough to pay for the monthly expenses. Budgets should not be planned with a deficit
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