Income, Expenses and Savings
What is income?
The money you spend
The money you receive
What is Expense?
The money you spend
The money you receive
Rent and Utilities
expense
income
Expenses that meet needs are called___________________.
unnecessary expenses
necessary expenses
Expenses that meet wants are called_______________.
unnecessary expenses
necessary expenses
Expenses which help you to make money is called______________.
non income making expenses
income making expenses
Buying rickshaw to give on rent is _________________.
income making expense
non income making expense
Farhan buys a watch to gift his mother.
Earns money
Does not earn money
What are savings?
Income - Expenses
Income + Expenses
Do you have any saving when your expenses are more than income?
yes
no
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