Ramsey Ch 2 Budgeting/TEST

Front

Income that comes in at different amount or different times or both

Back

irregular income

Front

a series of envelopes that are divided into categories and are used to store cash for planned monthly expenses

Back

envelope system

Front

a plan for how you spend your money

Back

budget

Front

this type of expense stays the same each month

Back

fixed expense

Front

earnings based on a percentage of sales made

Back

commission

Front

expenses that occur at various times throughout the year and tend to be in large lump sums

Back

intermittent expense

Front

what a person earns after payroll taxes and other deductions are taken out

Back

net income

Front

an expense that changes based on usage

Back

variable expense

Front

which of the following is NOT a fixed expense: car payment, house/mortgage payment, groceries, subscription like netflix or hulu?

Back

groceries

Front

which of the following expenses would you use an envelope system for?
car payment,
house payment,
eating out,
credit card payments

Back

eating out