Fin Lit Vocab Weeks 5 + 6 MP1

Front

Organized plan for saving and spending based on expected income and expenses?

Back

Budget

Front

Money earned from work, investments, or gifts

Back

Income

Front

Things people pay for with money

Back

Expenses

Front

Fixed regular payment, usually monthly or biweekly, expressed annually, made by an employer to an employee.

Back

Salary

Front

Labor market with short-term contracts instead of permanent jobs

Back

Gig Economy

Front

Money left after expenses

Back

Surplus

Front

A situation with insufficient funds to cover expenses.

Back

Deficit

Front

Amount set aside for bills if needed

Back

Emergency Fund

Front

Making purchases without comparing costs or benefits

Back

Impulse Spending

Front

Putting aside money into savings before other bills.

Back

Paying Yourself First