Examlex
TCM always involves a four-step process with all of the following steps, EXCEPT:
Manage Money
The process of organizing, planning, and controlling financial resources effectively to meet personal or business goals.
Budget
An estimate of income and expenditure for a set period of time.
Fixed Expense
Costs that do not vary in amount and are paid on a regular basis, such as rent or mortgage payments.
Recurring Expense
Ongoing financial obligations that individuals or businesses regularly pay, such as rent, utilities, or subscription services.
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