FINANCIAL LITERACY

What does it mean to loan/lend money at a bank?

A fixed expense does not change.

Groceries are a fixed expense.

Variable Expense does not change.

What is income?

Electric Bill is a variable expense.

Profit is money earned.

An example of a fixed expense is....

What are expenses?

If I spent $20 on supplies for bracelets and sell them all for $35 dollars. What is my profit?

Income - Expenses = Profit