[Answer] 8. Some financial counselors say that this important monthly payment should not exceed 1/4 to 1/3 of a person's monthly income.

Step 1 : Introduction to the question "8. Some financial counselors say that this important monthly payment should not exceed 1/4 to 1/3 of a person's monthly income."

...1. Pizza and beer 2. Jellybeans & Shoes 3. Caviar and champagne 4. Rent or mortgage payment This is a good recommendation. It is tempting to buy (or rent) the biggest and fanciest house you can get (and home lenders are often willing to finance a larger home than you can realistically afford). But when you add in transportation, food, clothes, utility bills and other expenses, it can be tough to make that payment. You don't want to default on a mortgage payment, so your best bet is caution. Be realistic about the kind of housing you can afford. It all goes on your credit record (see Question 3).

[Ans] which payment type is best if you are trying to stick to a budget?

Step 1 : Introduction to the question "which payment type is best if you are trying to stick to a budget?"

Payment can take a variety of forms. Barter, the exchange of one good or service for another, is a form of payment. The most common means of payment involve use of money, cheque, or debit, credit or bank transfers. Payments may also take complicated forms, such as stock issues or the transfer of anything of value or benefit to the parties. In US law, the payer is the party making a payment while the payee is the party receiving the payment. In trade, payments are frequently preceded by an invoice or bill.

Step 2 : Answer to the question "which payment type is best if you are trying to stick to a budget?"

Debit card.:

The infrastructure and electronic clearing methods are formed by the payment provider. Global credit card payment providers are Diners Club, Visa, American Express and MasterCard. Maestro and Cirrus are international debit card payment providers.

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