ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Savings
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Clothing
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Fixed expenses
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Allowance
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Detailed explanation-1: -An allowance is the amount of money you plan to use for a certain budget category.
Detailed explanation-2: -Budget. A plan that outlines what money you expect to earn or receive (your income) and how you will save it or spend it (your expenses) for a given period of time; also called a spending plan.
Detailed explanation-3: -To determine a weekly allowance amount, take your discretionary spending amount each month and divide it by four. That amount will be how much you can spend each week without blowing your overall budget-while still getting to indulge in some things you want.
Detailed explanation-4: -Master budget. Operating budget. Financial budget. Cash budget. Labor budget. Capital budget. Strategic plan budget. 10-Jan-2019