Budget Flashcard

Front

Career

Back

An occupation that lasts for a long period of time in a person's life with opportunities for progress.

Front

Gross Pay

Back

The amount of money you receive in your paycheck before any deductions or taxes are taken out.

Front

Example of Buying Something You NEED

Back

"I want to replace something that is no longer working."

Front

Disposable Income

Back

Income left over after all expenses are paid.

Front

Budget

Back

A spending plan for managing your money that includes income and expenses.

Front

Net Pay

Back

The amount of money you receive in your paycheck after all deductions and taxes have been taken out.

Front

Wants vs. Needs

Back

Wants are items or services that are not essential for survival, while needs are essential for basic living.

Front

Savings

Back

Money that is set aside for future use, often kept in a bank account.

Front

Expense

Back

Any cost incurred in the process of living, such as rent, food, and utilities.

Front

Income

Back

Money received, especially on a regular basis, for work or through investments.