Reflecting on Personal Budgeting: Vocabulary review

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Budgeting

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A plan for how to spend money wisely.

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Expenses

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The money you spend on things you need or want.

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Savings

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Money that you keep instead of spending, to use later.

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Income

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the money you receive, often from a job or allowance.

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Goal

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things you want to achieve, like savings money for a toy or a special event.