Do you know how to distinguish between a need and a want? This basic concept is the backbone of responsibly managing your money.
Starting with these concepts in mind, let’s dive into SPENDING and SAVING.
(noun) – the act of giving money for goods and services.
For key concepts, you should know about in the world of spending, suggestions for budgeting apps, and even a handy budget template, click here.
(noun) – the amount of money you keep in an account in a bank.
To learn about all the different ways you can put money aside to save for the future (whether short-term, mid-term or long-term), click here.