The formula for financial success is: income – savings = expenses. This implies that savings should be prioritized and built into a budget plan, with expenses paid from the remaining money.

Authors

• Person: Not available Organization: RBC Wealth Management
  Six financial literacy principles - RBC Wealth Management

Sources

• Six financial literacy principles - RBC Wealth Management www.rbcwealthmanagement.com RBC Wealth Management via serper

Referenced by nodes (1)

• income concept