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family care
medical costs

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net gain is your making more then your spending. Net loss is spending more than you earn

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physically (in writing)
smartphone

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clothes
shoes
other activities

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things in life that cost money

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Life Insurance and Health Insurance

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An example is Social Security

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Money received from sources other than employment and example is child support

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Expenses are the money spent. Savings are invested for future use. Insurance is a product that transfers risk from individuals.

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The Difference Between Gross Income and Net Income

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The Difference Between Gross Income and Net Income

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Gross Income - money earned by an individual like salary or wages
Net Income - money you have left after taxes and other deductions

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car repairs

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the income one takes home after taxes have been taken out

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Money received

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list of incomes and expenses that have taken place over an amount of time

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water