Financial Literacy

Hello my name is Madison and for this AWESOME blog I am going to tell you all about words that  Financial Literacy can actually  mean.  Some of the words are Income, Expenditure, Interest through savings and Interest through Debt.

Income-

Income is the consumption and savings opportunity gained by an entity within a specified time.

Expenditure-

Expenditure means like a action of spending money or funds.

Interest through savings-

This means you have a deposit account.

Interest through Debt-

This means low interest rates on the loans that different people have.

Now you know what these words mean did you enjoyed it