Personal Budget Vocabulary

Front

wage, salary

Back

terms for one’s work-related financial earnings

Front

a plan for spending and saving one’s income

Back

budget

Front

A type of expenses that come irregularly or paid in varying amounts.

Back

Flexible Expenses

Front

For a budget to work, money coming in (income) must equal money going out (expenses).

Back

True

Front

Car Insurance

Back

Fixed Expense

Front

money owed

Back

debt

Front

an individual, bank, or company who loans money

Back

lender

Front

the total amount of money earned before any deductions

Back

gross income

Front

the amount of money left after all deductions are taken from gross income

Back

net income

Front

regular payments made for services or products

Back

expenses