ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Spent quickly
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Income
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Savings
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Expenses
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Detailed explanation-1: -Savings represent money that is otherwise idle and not being put at risk with investments or spent on consumption. Savings accounts are very safe but tend to offer very low rates of return as a result. Saving can be contrasted with investing, in that the latter involves seeking to grow wealth by putting money at risk.
Detailed explanation-2: -“Do not save what is left after spending, but spend what is left after saving.”–Warren Buffet | Saving money quotes, Money quotes, Quotes.
Detailed explanation-3: -Saving money is always a good idea. Even a few dollars a week can add up to a lot over time and can help you pay for the things you might want later.
Detailed explanation-4: -Reduce your mortgage payment. Downsizing your living space. Cancel subscriptions. Shop at discount grocery stores. Switch insurance companies. Get organized. Pay off debt. Find free things to do to save money each month. More items •09-Dec-2022