ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Budget
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Shopping list
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Agenda
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Debt
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Detailed explanation-1: -An expenditure plan, also known as a spending plan, is a strategic tool that a small business can use to manage money. The expenditure plan helps in tracking the amount of income or revenue available, and in making decisions on how to use this income and also to save some.
Detailed explanation-2: -A budget is a spending plan, a tool to put you in control of your money. It shows how much money you have, where it needs to go to meet your needs and wants and when you will be able to reach your financial goals.
Detailed explanation-3: -Make a list of your values. Write down what matters to you and then put your values in order. Set your goals. Determine your income. Determine your expenses. Create your budget. Pay yourself first! Be careful with credit cards. Check back periodically.
Detailed explanation-4: -Emergency Fund: An emergency fund can be any back-up fund that you are building up for any emergencies that may arise. Insurance: Retirement Fund: Expenses Relating to Children: Unexpected Illnesses: