Personal Finance and Wealth · Personal Finance

Income and Budgeting

Learning to track income sources and manage expenses through effective budgeting.

Key Questions

  1. 1How does a budget act as a tool for achieving long term personal goals?
  2. 2What is the difference between gross income and net income after tax?
  3. 3Why is it important to distinguish between fixed and variable expenses?

ACARA Content Descriptions

AC9HE7K05AC9M7N05
Year: Year 7
Subject: Economics & Business
Unit: Personal Finance and Wealth
Period: Personal Finance

Suggested Methodologies

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