VOCAB ch 2 Flashcard- Ramsey

Front

Taxes and withholdings affect your, ________, the money you take home on your paycheck.

Back

net income

Front

Cost of groceries and gas is a(n)

Back

variable expense

Front

To budget with a(n) ______, prioritize expenses from most to least important.

Back

irregular income

Front

Cost of insurance, car payment, or rent is a(n)

Back

fixed expense

Front

Nonessential expenses that are wants more than needs are called a(n)

Back

discretionary expense

Front

A(n)___________ should account for fixed, variable, intermittent, and discretionary expenses based on income.

Back

zero-based budget

Front

Amount of money made before deductions

Back

Gross income

Front

Making money on a percentage of total sales is called?

Back

Commission

Front

Cost of doctor visits, car registration, tires, and oil changes are considered a(n) _____ because they don't occur monthly.

Back

intermittent expense

Front

Record summarizing income and spending over time

Back

cash flow statement