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Income and Expenses
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I suggest that you create a Income and expense statement
I've really been struggling to pay my mortgage lately along with other things, any advice
Yes, it will help you manage your financial decisions
Income and Expenses of course
Really? what do I put on it?
Income is money that you've received like from a job and expense is money that you've spent like for insurance
It's very helpful, it also shows you if you have net gain or net loss
That sure sounds helpful
Net gain is when your income is greater than expenses and net loss is when you expenses are greater than you income
An example of an expense is buying dog food for a pet
What an example of an expense
Yes, you definitely have to have a high Net income when owning a pet
For example the owner of the bakery across the street
What an example of an income
Yea, the owners gross income is earned from working at the bakery
Wow, thanks for helping me understand everything
Yea, just let us know if you need any more help with your Income and Expenses or Saving
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