Financial Literacy (Rutwika) by Rutwika

Savings

cwagner8 — 2025-02-06 15:26:33 UTC

Spending

cwagner8 — 2025-02-06 15:26:33 UTC

Borrowing

cwagner8 — 2025-02-06 15:26:33 UTC

Lending

cwagner8 — 2025-02-06 15:26:33 UTC

Allowance

cwagner8 — 2025-02-06 15:26:33 UTC

Financial Instuitution

cwagner8 — 2025-02-06 15:26:33 UTC

Income

cwagner8 — 2025-02-06 15:26:33 UTC

Profit

cwagner8 — 2025-02-06 15:26:33 UTC

Fixed Expense

cwagner8 — 2025-02-06 15:26:33 UTC

A Fixed Expense is an expense that does not change and stays the same.like if you rent a house and he owners say they say you need to pay $432 for a month they will demand $432 every month if you don’t pay they will demand $864 that one month.

Variable Expense

cwagner8 — 2025-02-06 15:26:33 UTC

A Variable Expense is an expense that can change, like groceries. If you buy groceries and they cost $342 and a few months later your aunt comes over and you both need groceries and it will cost more than $342, it might cost $564.