A1 - Planning Expenditure Flashcards
1
Q
What does planning expenditure help?
A
- Avoid getting into debt
- Control costs
- Avoid legal action and/or repossession
- Remain solvent
- Maintain a good credit rating
- Avoid bankruptcy
- Manage money to fund purchases
- Generate income and savings
- Set financial targets and goals
- Provide insurance against loss or illness
- Counter the effects of inflation
