Glossario

In accounting, this is an outflow that causes available money to decrease, or in other words 'spending'. The purpose of financial planning is to balance a household's income and its expenses. Sound financial planning starts with an analysis of the household's finances, and involves setting spending and saving goals. To do this, it is necessary to calculate how much money normally goes into and out of the household's 'coffers', bearing in mind the characteristics of the different sources of income and of the different types expenses, however predictable. To help you achieve your financial planning goals, it is useful to keep a record of income and expenses, in other words a budget.