2.04 vocab comic strip

2.04 vocab comic strip
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  • I don't know why I cant afford a car, I earn enough to have extra money!
  • Maybe you should use a income and expense statement to help you, it lists and summarizes all of your income and expense that take place 
  • well a income and expense statement subtracts your expenses , the money you spent, from gross income, the money you get from working at the candy shop and any other income you receive to get your net worth 
  • so how exactly do I even do a income and expense statement? 
  • As a result you can get a net gain, which your income is greater than your expenses,or get a net loss where your expenses are greater than your income 
  • exactly! and maybe get some of your income to save and not spend on consumption
  • so I should probably stop spending so much money on entertainment like the fair, to increase my net worth so i can afford my car 
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