ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All income and expenses
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Fixed expenses but not income
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Income but not variable expenses
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Fixed and variable expenses but not taxes
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Detailed explanation-1: -Your estimated revenue. This is the amount you expect to make from the sale of goods or services. Your fixed costs. Your variable costs. Your one-off costs. Your cash flow. Your profit. A budget calculator. 23-Sept-2022
Detailed explanation-2: -Allow up to 50% of your income for needs You should aim to spend no more than 50% of your after-tax income on basic necessities, which may include: Rent/mortgage. Bills (water, electricity, gas, broadband, council tax, mobile phone) Food (essentials)
Detailed explanation-3: -A budget plans for and tracks income and expenses over a specific time period. Businesses and governments rely on budgets to track revenues and expenditures, but you might be most familiar with a budget as a tool for managing your finances.
Detailed explanation-4: -Calculate your earnings. Pay your bills on timeTrack your expenses. Set financial goals. Review your progress. 17-Sept-2019