stuff by logan and kyle

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stuff

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  • Dude I don't know what that means.
  • Dude, my expenses from my mortgage and insurance were so high last month! Im gonna have to use all my net income, which is my take home pay. And by the end of this month Im gonna have spent more on expenses than I earned in income. Which is called a net loss. I wish I had a net gain, so I dont have to worry about spending more than I make.
  • Bruh, expenses are things you spend money on. I have to spend money on my mortgage which is a monthly payment for my loan to my house. And my insurance is a product that transfers rick from an individual to an insurance company. And I hae to pay for all of this with my income which I work to recieve. But dont get income confused with withgross income. Gross income is your pay before it is taxed.
  • Bruh, that is pretty dope.
  • Thats good, I need to open a savings account so I can start saving money too. Thanks for taking the time to have a conversation with me. Have a nice day buddy.
  • My income and expenses went down, so now I have a net gain. I also got a raise so my net income is higher now. But I put most of my earned money into my savings.
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