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Rutiri-Per. Finance
Budgeting
Question | Answer |
---|---|
Value | It is how much something is worth. It can vary from country to country. Value depends on the currency of a country too. It can also be how important you hold something. |
Account | It is something to keep track of your accounts. There are savings and checking accounts. |
Interest | It is a percentage that you pay on a loan over a course of time. For example you might have to pay .03% of a 200 dollar loan for every month |
Earning Power | It is how much you will be able to make in the future. Education can help this, computer skills, language skill, math and science skills, and writing skill. |
Budget | It is how much money you put away for certain things you are saving for. |
Fixed Expense | It is an expense that occurs regularly and doesn’t vary. |
Flexible Expense | It occurs regularly, but you can change the amount you spend. |
Discretionary Expenses | They are expenses things you choose to spend your money on. |