Budgeting

Front

Example of an irregular gift: full time job, part time job, graduation gift, a one time baby sitting job

Back

a one time baby sitting job

Front

An example of flexible expense is: mortgage payment, car payment, groceries, cable bill

Back

groceries

Front

Generally budgets are created for a ______

Back

month

Front

Wants

Back

Things or items that a person would like to own or purchase that is not necessary for life; Ex. entertainment, video games, etc.

Front

Budget

Back

Is a spending plan for managing your money that includes income and expenses

Front

Total monthly income

Back

Income from all possible sources.

Front

Needs

Back

Necessary items that are paid monthly./yearly such as food, housing, transportation, utilities, & Insurance

Front

Total Expenses

Back

Expenses that equal all the fixed expenses and variable expenses

Front

Pay Stub

Back

Hard or electronic copy of earnings that show all deductions and results in net pay

Front

Fixed expenses

Back

Expenses that remain the same month after month EX: mortgages, rent, car payments, insurances