ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income
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Want
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Need
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Savings
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Detailed explanation-1: -The next time you think about your bills, expenses and obligations, factor savings into your budget as an expense category and pay yourself first. Regardless of how you save or what kind of account you put your saved money into, make the choice to give yourself money to spend later.
Detailed explanation-2: -Needs are those bills that you absolutely must pay and are the things necessary for survival. These expenses can include rent or mortgage payments, car payments, groceries, insurance, health care, minimum debt payment, and utilities.
Detailed explanation-3: -Do it yourself. For example, wash your own car instead of taking it to a commercial car wash. Eat at home. Shop smarter. Eliminate unnecessary bills. Use less energy. Walk, cycle or use public transit more. Find cheaper ways to play. 12-May-2022
Detailed explanation-4: -Keep Track of Your Spending Habits. If you’ve ever had a toddler in the house, you know how they can disappear if you aren’t keeping a close eye on them. Create a Budget. Update Subscriptions. Save on Utility Costs. Cheaper Housing Options. Consolidate Debts. Shop for Cheaper Insurance. Eat at Home. More items •10-Feb-2023