Income and Expenditure

What is income?

• The total amount of money spent in a particular period of time.

• An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.

• A sum of money that is owed to someone else.

• The total money received by an individual, household or company on a regular basis, for work or through investments

What is expenditure

• The total money received by an individual, household or company on a regular basis, for work or through investments

• an estimate of income and expenditure for a set period of time which allows you to plan how much you can spend in that time.

• The total amount of money spent in a particular period of time.

• the money someone has not spent, usually through a bank or official scheme.

What are savings?

• The total amount of money spent in a particular period of time.

• A sum of money that is owed to someone else.

• An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.

• the money someone has not spent, usually through a bank or official scheme.

What is debt?

• An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.

• A sum of money that is owed to someone else.

• The total amount of money spent in a particular period of time.

• the money someone has not spent, usually through a bank or official scheme.

What is a budget?

• the money someone has not spent, usually through a bank or official scheme.

• An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.

• an estimate of income and expenditure for a set period of time which allows you to plan how much you can spend in that time.

• the money someone has not spent, usually through a bank or official scheme.

What is credit?

• An amount of money that has been leant to someone over a particular period of time to allow them to purchase a product.

• The total money received by an individual, household or company on a regular basis, for work or through investments

• an estimate of income and expenditure for a set period of time which allows you to plan how much you can spend in that time.

• the money someone has not spent, usually through a bank or official scheme.