ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial statement
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income statement
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spending log
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spending plan
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Detailed explanation-1: -A spending plan (also called a budget) is simply a plan you create to help you meet expenses and spend money the way you want to spend it.
Detailed explanation-2: -The budget line, also known as the budget constraint, exhibits all the combinations of two commodities that a customer can manage to afford at the provided market prices and within the particular earning degree.
Detailed explanation-3: -While budgeting is vital to financial success, it only accounts for what you do with your money. Financial planning, on the other hand, follows a slow-and-steady approach, using money to project a destination. For help building a comprehensive financial plan, contact McLean today.
Detailed explanation-4: -Fiscal year. A 12-month fiscal period used for budget and accounting purposes.