Budget Vocab. Words-PF

Front

assets

Back

Items of value that a person owns

Front

budget

Back

A spending and saving plan based on expected income and expenses

Front

disposable income

Back

Income remaining for a person to spend or save after all taxes have been paid

Front

financial plan

Back

A set of goals for spending, saving, and investing the money you receive.

Front

fixed expenses

Back

Costs that do not change from month to month

Front

variable expenses

Back

Expenses that vary from month to month, such as entertainment, car repairs, or doctor bills.

Front

liabilities

Back

debts that you owe

Front

net worth

Back

total assets minus total liabilities

Front

offer

Back

An invitation to enter a contract

Front

contract

Back

a binding agreement between two or more persons that is enforceable by law