Your used car payment will be $250 per month. What financial challenge do you now face? My auto insurance costs more than my renters insurance. I will spend more on groceries now that I am buying gas. My savings budget is too high. My car payment is higher than my discretionary spending.

Question

Reagan Meyer

Business

28 June, 03:21

Your used car payment will be $250 per month. What financial challenge do you now face? My auto insurance costs more than my renters insurance. I will spend more on groceries now that I am buying gas. My savings budget is too high. My car payment is higher than my discretionary spending.

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Answers (2)

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Charlize Hubbard · Answer 1

My car payment is higher than my discretionary spending.

Alyvia Hubbard · Answer 2

If the car payment is going up, then the car payment may be higher than your discretionary spending. Discretionary spending is money that the government has implemented through an appropriations bill. This money is given to participents based on the funding available and the number of recipients eligible to receive funding.