Budget Basics

Front

Putting away money for future use or an emergencies

Back

Saving

Front

Estimate of income and expenses for a set period of time (usually a month).

Back

Budget

Front

Monthly expenses that do NOT change (same amount every time).

Back

Fixed Expenses

Front

Monthly expenses that do change (different amount every time).

Back

Variable Expenses

Front

Examples of these are: rent, mortgage payment or car payment

Back

Fixed Expenses

Front

When you have more expenses (bills) than you have income (money coming in)

Back

Budget Deficit

Front

A budget it a helpful tool.

Back

True

Front

A budget is ___________.

Back

a plan for managing your money. It compares how much you earn (make) to how much you spend

Front

The goal of a budget is _________________.

Back

to spend less than you make

Front

Income is all the money you earn (make) over a period of time. Usually a month.

Back

True