Question

Choose the correct pair:

Options

• Budget – extravagant expenditure

• Income - a kind of debt

• Savings - income that is not spent

• Investment - increased expenditure

Answer 1

Savings - income that is not spent

Explanation:

Savings refer to the portion of your disposable income that you set aside for future use or emergencies rather than using it for immediate consumption. It represents money that remains unspent after covering all daily expenses.