Lorenz curve - Dealing with money
3 important questions on Lorenz curve - Dealing with money
One of the 3 by Nibud distinguished expenses is housekeeping money. What is housekeeping money?
Housekeeping money is the money that you spend on shopping every day or week.
e.g. expenses for food, pets, pesents, flowers, small housekeeping things, going out and pocket money.
e.g. expenses for food, pets, pesents, flowers, small housekeeping things, going out and pocket money.
One of the 3 by Nibud distinguished expenses are fixed charges. What are fixed charges?
Fixed charges are regularly recurring expenses that have been entered into as obligations
e.g. expenses for gas, water, electricity, a burglary and fire insurance, subscriptions and membership fees and travelling expenses and transport cotst to school and work are fixed charges
e.g. expenses for gas, water, electricity, a burglary and fire insurance, subscriptions and membership fees and travelling expenses and transport cotst to school and work are fixed charges
One of the 3 by Nibud distinguished expenses are reservations. What are reservations?
Reservations are money you put aside for bigger expenses that occur less frequently.
Reservations you make for expenses that you know will come one day, but without knowing exactly when.
e.g. a new kitchen, a fridge, a washing machine , expenses for greater repairs or to renew things
Reservations you make for expenses that you know will come one day, but without knowing exactly when.
e.g. a new kitchen, a fridge, a washing machine , expenses for greater repairs or to renew things
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