By Thursday of this week create an initial post with a minimum of 150 words discussing the grouping of expenses for planning and control. Make sure to include the items below:
- Identify expenses in your home or workplace.
- Using the information from chapter 6, group the expenses into a cost center. For example, you may have expenses for movies, dancing or other activity that make up a cost center for entertainment in your home budget.
- Create at least 3 cost centers or more, with multiple expenses. You can be creative, so do not limit your list to actual expenses or cost centers.