Money makes the world go 'round. So how do you keep your spending under control? Well my friends, you make a little thing called a budget. Within this budget there are two expenses, fixed and flexible. Fixed expenses you must pay each month, no exceptions. Flexible expenses you may spend however you wish. (Although, it would be smart to save your extra money.) Speaking of saving, there are different kinds of savings accounts. The first, 'simple interest' stays true to it's name, it's simple. Interest is based upon only the amount borrowed. 'Compound interest' is like back to back simple interest contracts. It's based upon the amount borrowed, plus past accumulated interest. As I previously stated, it's good to save money for unexpected expenses. Such as car repairs, or a surgery. Remember: smart budget = smart people!
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