EXPENSES

The money you spend on your needs and wants may be termed as........

• Budgets

• Incomes

• Expenses

A set amount or exact amount which is incurred every time not depending on the usage or consumption is called........

• Fixed expenses

• Variable expenses

• Cash Management

In a budget table, under fixed expenses............ should be first item which will help us to save money

• Paying loans

• Paying rent

• Pay Yourself First

Payment of gas bill based on the usage is an example of ........

• Fixed expenses

• Variable expenses

• Income generating expenses

........... is extremely important to meet our goals.

• Saving

• Expenses

• Loan payment

Expenses can be classified into two categories namely ............. and ..........

(a)  

(a)   helps us to use our money for our needs and wants, and achieve our goals.

Budget has two main parts namely .......... and .............

(a)  

(a)   is a simple trick to grow our money and become wealthy.

......... minus ........... is known as money left over for future needs.

(a)