what is expense protection?
1 Answer(s)
kzeeleahn
expense protection is nothing but to see whether our monthly income is more than our expense.Its important that part of our income goes for saving.
we can calculate using the saving ratio where our monthly income is divided by our monthly expense.
This ratio will tells you what proportion of your after tax income is being save and determines whether you save regularly and sufficiently.The minimum percent which we should save is 10 percent.
Apr 21 2014 03:47 PM
we can calculate using the saving ratio where our monthly income is divided by our monthly expense.
This ratio will tells you what proportion of your after tax income is being save and determines whether you save regularly and sufficiently.The minimum percent which we should save is 10 percent.