The cycle of earning and spending is an example of a cash flow cycle. This mainly focuses on the income and expenditure.
Circular Flow of Economic Activity
Trade surplus
By earning 3000 dollars more than you spend. Basically, you can concentrate on earning more, on spending less, or a little of both.
The potential earning and spending increase.
managing the income and spending by balance
Spending Goals. Before you decide where your money really must go, you need to determine your goals.
Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending
Potential For Earning And Spending
managing the income and spending by balance
managed the income and spending the balance
SPENDING
Reid Lage McClung has written: 'Earning and spending' -- subject(s): Economics