What are Expenses?

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What are Expenses and Types of Expenses ?
• Money spend on satisfying your needs or wants is commonly termed as
Expenses
• Types of Expenses are
Fixed Expense v/s Variable expenses
Fixed expenses
• Fixed Expenses are regular and
cannot be changed
• They have set amount
• They are exact amount incurred
every time not depending upon time
of consumption
• Certain amount of Income has to be
kept aside for Fixed expenses every
month
• E.g. school fees, Electricity, rent ,emis
etc
Variable expenses
• Variable expenses are once in a
while expense as per your desire
• It can change as per your wish
• They are not exact amount
incurred every time and depends
your desire
• Variable expenses are incurred as
per your wishes or desire .money
from income need not be kept
aside for it .
• E.g. Movie . Icecreams,etc
What is a BUDGET? • Cash Management is how you handle money
coming in and Money going out . This is
referred as “Cash Flows .”
• Given limited income in hand and unlimited
needs ,it is very important to regulate the
cash flow.One best tool is Budget.
• Budget is a statement indicating income on
one hand and expenses on which the income
is allotted on other hand (fixed and variable)
• It indicates money that comes in and money
that goes out in detail, so that one is aware of
given income and expenses incurred and
control them accordingly
• Roadmap to achieve goals. Once you are in
control of your expenses ,you can make
clear ,planned decisions on the best way to
spend your money and make your money
work for you
Building your own Budget
 What does
Pay yourself
first Means ?
How can it
benefit you?
Important questions to be done in the note book

1. What do you mean by Expenses?

2. Write a short note on Fixed expenses
3.what do you mean by variable money ? Give examples
4. What is a Budget?Explain the term ‘Cash Flow’?
5. Describe about cash management and draw a budget
table for a month’s household income and expenditure
 • A bank may be defined as an institution that accepts
deposits, makes loans, pays checks and provides
financial services.
• A financial intermediary for the safeguarding,
What is a Bank ? transferring, exchanging, or lending of money.
• Primary role of banks is connecting those with funds,
such as investors and depositors, to those seeking
funds, such as individuals or businesses needing loans.
• In other words, A bank is a connection between
customers that have capital deficits and customers with
capital surpluses. 
What does
Bank do??
How to open a
Bank Account
How to deposit
and Withdraw
cash from a bank
What is a Cheque book
?
• A cheque is a mechanism which
allows people to access the fund in
their bank accounts. You can use
this either to withdraw cash or to
transfer funds to some other account
by transferring a cheque.
What are bank account holder’s documents
Details of cheque after filling
Types of
deposits
Types of
Bank
Accounts
What are
Fixed and
Recurring
Deposits
 What is ATM?
• Automated Teller Machine is a computerized device
that provides card to customers to access their bank
accounts
• A device that allows bank card with access to
financial transactions
• It allows customers to access banking services
without any restrictions of limited banking hours ,
staff or public holidays
• It is operated using ATM (personal identification card
) provided by the bank
• Customers have to maintain secrecy of the card to
ensure no fraudulent financial transactions happens
from their accounts
• ATM permits withdrawal and deposit of cash at any
time .
What is Electronic banking ?