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  • Earnings and Savings

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    Tutorías virtuales
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    Fred is a 5-year-old teacher at Kittens University who is paid $500 per month for his work. The document questions whether Fred can buy a $500 bike in his first month of work. It explains that what one earns is exactly what one can save, as earnings are what is received from work while savings is what remains after spending money on basic living expenses. Spending or expenses refer to using earned money to pay for or purchase items, and to balance a budget, earnings should exceed expenses.

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    Fred is a 5-year-old teacher at Kittens University who is paid $500 per month for his work. The document questions whether Fred can buy a $500 bike in his first month of work. It explains that what one earns is exactly what one can save, as earnings are what is received from work while savings is what remains after spending money on basic living expenses. Spending or expenses refer to using earned money to pay for or purchase items, and to balance a budget, earnings should exceed expenses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    1 views4 pages

    Earnings and Savings

    Uploaded by

    Tutorías virtuales
    Fred is a 5-year-old teacher at Kittens University who is paid $500 per month for his work. The document questions whether Fred can buy a $500 bike in his first month of work. It explains that what one earns is exactly what one can save, as earnings are what is received from work while savings is what remains after spending money on basic living expenses. Spending or expenses refer to using earned money to pay for or purchase items, and to balance a budget, earnings should exceed expenses.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    Fred is a 5 years old

    kid, he is a teacher in
    Kittens University

    He is paid of $500 each


    month

    Can he buy a $500 bike on


    his first month working?
    Now, this may be surprising for you, but now
    everything your earn is the exactly amount of
    money you can save
    Earnings Savings
    Is what you keep after spend money on
    Is what you get paid of when you work anything you need to live
    Spending/Expenses
    ● What you use of the money
    you get, to pay or buy things.
    To create a good balance on
    your budget, your earnings
    must be greater than your
    expenses

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