<span>1. An income statement has income and expenses.
Income statement records all the finances of an individual or an organization for a certain period of time.
2. The three-legged stool represents retirement savings.
Retirement savings is the process of putting aside some finances as savings for later part of life.
3. A 401-K is a type of retirement account.
This is an account that is set up by the employer to put aside an amount from salary before the tax deductions.
4. The easily accessible part of an emergency fund is savings.
This saving comes fetching at the time of the hour when there is need for it.
5. Working a second job helps meet savings goals can help you pay off debts quicker and fills in gaps in a budget. So we can simply say that having an extra income is always useful</span>
