Sunday 16 October 2011

Money

Money is the Medium of Exchange in the trade of Goods and services.

 Earning:

Taking the money for selling the goods or rendering the services

Spending:

Giving the money for buying the goods or hiring the services

Saving:

Putting apart some of the money earned without spending

Investing:

Expending money with the expectation of achieving a profit

 Don’t save what it left after spending. Spend what it left after saving



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