sound financial management

what is NOT one of the ways that someone might receive income?

• salary

• doing hobbies

• wage

_____ has to take into consideration the way in which individual’s and families balance the money coming in and out.

how can we calculate the deficit?

• income + expenditure

• expenditure - income

• expenditure • income

• income - expenditure

a contingency sum is considered as pocket money that someone could use for shopping.

• true

• false

what are the different ways to manage spending?

• maintaining savings

• borrow money from others

• paying bills on time

• paying bills late

• buying unnecessary things

_______ was founded in 2000 to provide pension services to UAE nationals working in the public sector in Abu Dhabi.

how can expenditure be financed?

• using cash

• using credit cards

• through loans

• saving it for another time

• eradicating the deficit

what is the purpose of sound financial management?

• present jobs for the unemployed

• use strategies to help others achieve financial goals

• give loans to who need it

• give family counseling