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Rutiri-Per. Finance

Budgeting

QuestionAnswer
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.
Created by: eva_rutiri