Spending renting

As the name implies the company basically rents the rig and crew on a per day basis. Usually the oil company also manages the drilling operation and has full control over the drilling process. This type of contract actually encourages the contractor to spend as much time as acceptable on location . With increased cost consciousness, day rate contracts have become less favoured by most oil companies. 

Let us assume that extra labor costs money. It is not free like the help given by David, Nancy, and Daniel. Then, all the above proposals to reduce the time it takes to change a tire cost money. If the use of a jack or hoist is to be avoided, more labor must be hired. If a hydraulic jack or power wrench is to be used, it must be purchased or rented. Finally, the remounting of the spare tire means spending extra money and effort in advance of the project. 

If the Harold s monthly income is 2,450, how much does he spend on rent each month ... 

The graph shows how Nathan spends his take-home pay. What percent of his money is allocated for rent ... 

Summarize your spending. Look over your cash flow analysis and summarize your spending in three categories. First, calculate the amount of your monthly fixed expenses. This includes rent or mortgage payments, utilities, car payments, gas and oil, and operating expenses. Second, calculate your necessary variable expenses. This includes taxes, insurance, car and home repairs, and doctor and dentist bills. Third, calculate your discretionary expenses. This includes gifts, contributions, and entertainment. 

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