If the result of subtracting expenses from income is less than zero, an individual is spending more than they earn and must either cut expenses or increase income.

Authors

• Person: Not available Organization: Annuity.org
  Financial Literacy: The Guide to Managing Your Money - Annuity.org

Sources

• Financial Literacy: The Guide to Managing Your Money - Annuity.org www.annuity.org Annuity.org via serper

Referenced by nodes (2)

• income concept
• expenses concept