College is one of the most important things that you will pay for in your life. It is just the gateway to so many opportunities for you. If you are not taking advantage of the benefits of it, you are statistically most likely not going to make as much money as those who do have a college degree. Given all of this, you want to make sure that you take the time to start saving up for this expense. College prices are going up each and every year. If you do not start storing some money for this now, then you are simply not going to be able to pay for it out of your own pocket when the time comes.
it is an overdue expense or in some cases a big expense...
A big-ticket item is a luxury item, perhaps one of significant physical size, but primarily of great expense.
A big-ticket item is a luxury item, perhaps one of significant physical size, but primarily of great expense.
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
The nature of the expense decides whether it is capital or revenue expense. If the expense is incurred for maintaing it in good condition it is revenue nature and it has to be debited in profit & loss account (eg. petrol, service charges, ect.). If the expense is incurred for making it run then it is capital nature and is to be added to the value of the motor car. (eg. change of engine or any important parts which is important for the running of the motor car)
Big is a synonym for important.
Yes, it is important to track every expense after making a budget to ensure that you are staying within your financial plan and making adjustments as needed.
selling expense
Gas for your car is not typically considered a utility expense. Utility expenses generally refer to services like electricity, water, and heating. Gasoline for your car is considered a transportation expense or a vehicle operating cost. It is important to differentiate between different types of expenses for accurate budgeting and financial tracking.
Office expense
yes it is an indirect expense