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LESSON7.2BORROWING Moneymaking Your Income Standard 7 The student will identify the procedures and analyze the responsibilities of borrowing money. Lesson Objectives Identify potential sources of
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What is managing your income?
Managing your income refers to the process of budgeting, saving, investing, and tracking your earnings.
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Everyone who earns income is advised to manage their income effectively to ensure financial stability.
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You can fill out managing your income by creating a budget, tracking expenses, setting financial goals, and evaluating your spending patterns.
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The purpose of managing your income is to ensure financial security, achieve financial goals, and live within your means.
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Information such as income sources, expenses, savings, investments, debts, and financial goals should be reported on managing your income.
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