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Mashcka [7]
3 years ago
10

Explain why it's important that expenses do not exceed (cost more than) income.

Social Studies
1 answer:
natita [175]3 years ago
8 0
It is critical that income be wisely allocated between current and future expenditures. In the future, we should save and invest wisely based on our risk tolerance. As a result, in general, our expenses should not exceed one-third of our net income. Got this information off from economictimes.com
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