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Parkinson's Law, named for Cyril Northcote Parkinson, states that, ''Work expands so as to fill the time available for its completion.''. Of more concern in Personal Finance, however, is Parkinson's Second Law; ''expenditures rise to meet income''. I've seen it happen with clients over and over again. When reviewing financial statements of a client it's easy to track the increase of expenditures as they tie directly to increases in income.
If you find that you're strapped for cash, ask yourself if you are making more money than you were five years ago. Chances are that you probably have gotten an increase in pay. Now consider how your expenditures have risen since you got that last raise. Often you will find that you took on new bills or financial obligations at the time of a pay increase. If you need to free up more cash flow in your budget take a long hard look at these recently added items. You lived without them before you could afford them. If things are very tight perhaps you can't afford them any longer.
With rising gas prices fueling inflation it can be hard to make ends meet. Sometimes it is necessary to take a few steps back to make forward progress. Even if you just give up some items for a few months you may find that it frees up enough cash for you to get back on track. And if you're paying for things that you really don't need, all the better that you discover it now. After all, much of the increased spending I've seen that closely follows an increase in pay is of a competitive spending nature. In other words, people tend to rush out and buy the things they think they need in order to keep up with their friends and neighbors in some sort of materialistic spending race. Don't fall for that trap. To get ahead in the finance game you must spend less than you make. The more of a gap between the two, the better off you will find yourself.
What else can I help you with?
Which law if motion says force is equal to mass times acceleration?
Newton's Second Law of Motion states that force is equal to mass times acceleration. This law describes the relationship between the force applied to an object, its mass, and the resulting acceleration.
The fact that usable energy is always lost in an energy transfer is due to what 1 Newton's first law of motion 2 the second law of thermodynamics 3 Newton's second law of motion 4 the first l?
The fact that usable energy is always lost in an energy transfer is due to the second law of thermodynamics. This law states that entropy, or disorder, tends to increase over time in a closed system, leading to the loss of usable energy in the form of heat.
Which law of motion gives the measure of force?
The second law of motion, also known as Newton's second law, gives the measure of force. It states that the force acting on an object is equal to the mass of the object multiplied by its acceleration, or F = ma.
What is another name for newtons second law?
Another name for Newton's second law is the law of acceleration. It states that the force acting on an object is equal to the mass of the object multiplied by its acceleration.
The second law of motion shows that force depends on what?
The second law of motion, also known as Newton's second law, shows that force depends on two factors: the mass of the object being accelerated and the acceleration applied to the object. Mathematically, force is equal to mass multiplied by acceleration (F = ma).
What law is not included in the principia?
Either the second law of motion, the second law of theromodynamics,the universal law of gravitation, or the law of inertia
What is the importance of newton's second Law?
By second law, force can be measured
How the second law applied in modern technology?
Which "second law"? There are several.
How are first and second law of motion alike?
The first and second law are f=ma. The first law is where f or a is zero . The second law says f-ma where f or a is not zero.
What name of the second law?
The law of acceleration.
Is law of force the second newton law?
yes
What is called of second law of motion?
Law of momentum.
Can newton third law be deduced from the second law?
No, it's the other way around. Newton's third (also first) law can be mathematically derived from his second law.
Can Newton's second law be deduced from the third law?
No, it's the other way around. Newton's third (also first) law can be mathematically derived from his second law.
How do you derive newton's third law of motion from second law of motion?
You cannot. Newton's third law is independent of the first and second laws.
What is name of the second Newton law?
The second law of motion by Newton is known as the law of acceleration. It states that the acceleration of an object is directly proportional to the net force acting on it and inversely proportional to its mass. This law is mathematically represented as F = ma.
What is the law for a second-class lever?
the law for a second class lever is that the load is between the fulcrum and the effort
