Budgeting

Front

to spend money or time on an asset, with the hopes that it will increase in value over time

Back

invest

Front

expenses that are optional

Back

discretionary

Front

Amounts removed from gross income to pay for taxes and other expenses.

Back

withholdings

Front

a budget in which the amount spent is less than or equal to the amount taken in

Back

balanced budget

Front

A budget is a _____ for distributing your income.

Back

plan

Front

Creating a ______: • makes accidental overspending less likely. • can make you more conscious of your money’s value. • can reduce your chances of falling into debt. • you'll feel less stressed and happier.

Back

budget

Front

_____ income is the amount earned before deductions.

Back

Gross

Front

_____income is the amount received after deductions.

Back

Net

Front

Gross Income − _________ = Net Income

Back

Deductions

Front

Achieving personal financial satisfaction starts with setting financial ____.

Back

goals