Budgeting Vocab

Front

A plan for expected income and spending for a month.

Back

budget

Front

Essential expenses for living and functioning

Back

needs

Front

Budgeting method using cash in labeled envelopes for spending categories.

Back

cash envelope budget

Front

Term for electric, water, gas, and other services.

Back

utilities

Front

Reaching a conclusion after considering alternatives and their results.

Back

decision-making

Front

Things that add comfort and pleasure to life

Back

Wants

Front

An individual earning per job or task, typically short-term.

Back

freelancer

Front

Amount of money needed for basic living expenses.

Back

Cost of living.

Front

Items of services you pay for: rent, food, bills.

Back

expenses

Front

Expenses that remain constant each month.

Back

Fixed expense