ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Is this an income or expense?Pocket money
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Income
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Expense
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -allowance, change, loose change, mad money, petty cash, pin money, small change.
Detailed explanation-2: -Income is money that you make and an expense is the money that you spend. In this lesson, you will learn about what your income and expenses are, and how to start making a plan that helps you save money.
Detailed explanation-3: -The next time you think about your bills, expenses and obligations, factor savings into your budget as an expense category and pay yourself first. Regardless of how you save or what kind of account you put your saved money into, make the choice to give yourself money to spend later.
There is 1 question to complete.