Home Science · Family Resource Management
In financial planning, the term 'savings' refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A fixed expenditure for luxury items
- 2The total cost of meeting current daily necessities
- 3The difference between total disposable income and expenditure✓
- 4Funds invested purely in high-risk stock options
Correct answer
The difference between total disposable income and expenditure
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