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What else can I help you with?
What is simply a spending plan that we create to help manage our money?
A spending plan, often referred to as a budget, is a financial tool that outlines how income will be allocated to various expenses over a specific period. It helps individuals prioritize their spending, track their financial goals, and ensure that they live within their means. By detailing both fixed and variable expenses, a spending plan provides clarity and control over personal finances. Ultimately, it serves as a guide to make informed decisions about saving and spending.
How do changes in income affect the demand for a good?
Increases in income allow for more disposable income which increases spending and the demand for goods. Decreases in income conversely decreases disposable income which decreases spending.
WHAT ARE three major flow in the economy?
production, income and spending.
Consumption spending that is at an independent level of income is know as?
Transitory
Historically consumption spending in the US has?
increased as a percentage of income
What is for a plan for raising and spending money?
The word is budget. It means an estimate of income and expenditure for a set period of time.
What is your plan for making and spending money?
My plan for making and spending money involves setting financial goals, creating a budget, saving a portion of my income, investing wisely, and being mindful of my expenses to ensure financial stability and growth.
Why is planned investment called an injection?
Planned investment is called an injection because it refers to new spending or investment that is added to the circular flow of income and expenditure in an economy. It injects additional income and spending into the economy, stimulating economic activity and potentially increasing aggregate demand. In contrast, unplanned changes in inventory levels are called leakages because they remove income and spending from the circular flow.
How do changes in income affect the demand for a good?
Increases in income allow for more disposable income which increases spending and the demand for goods. Decreases in income conversely decreases disposable income which decreases spending.
What can be removed from a budget if spending is higher than income?
Discretionary spending
What is a buget?
a spending plan
What is phrase that means the excess of government spending over income?
Deficit spending.
What is a plan of income and expenses?
A plan of income and expenses is an approach to building income and paying down expenses. Many people maintain a plan for their income and expenses without realizing it.
Why should you track and record you spending and income?
We can do it
What is most easily be removed from a budget if spending is higher than income?
discretionary spending
A is a plan for spending money.?
budget
What are the key parts of a financial plan for keeping track of what you earn, spend, and save?
The key parts of a financial plan for tracking your earnings, spending, and savings include setting a budget, tracking expenses, monitoring income, saving regularly, and reviewing and adjusting your plan as needed.
