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householdexpenditure
Term | Definition |
---|---|
expenditure | The amount if money spent |
current expenditure | this type of expenditure is continuous and regular. It is also known as the day to day expenditure |
capital expenditure | this type of expenditure is less regular than current expenditure and may be a once off payment |
impulse buying | this is buying things that are unplanned or on the spur of the moment |
false economy | this is a purchase that seems to be good value for money but in the long term turns out to be more expensive |