Understanding Your Income and Spending- Money Matters Today-7 Insights.

income and spending
  • Income leads to spending.
  • You spend according to how much money you earn or have.
  • Income is the money you earn from your salary, bonuses, profits etc.
  • Spending is how you use that money, what you purchase in it e.g. food, shelter, school fees etc.
  • Creating a budget for your income and expenditure helps to manage finances.
  • Save to accumulate income you can spend.
  • You cannot do without a need because it is essential but you can do without a want like groceries.
  • Investment should be done wisely to manage money matters.
income and spending

What are Income and Expenses? A Beginner’s Guide to Understanding Money Management-You tube.

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