Financial Terms Flashcards

Front

What are fixed expenses?

Back

Fixed expenses are expenses that stay the same from month to month, such as rent payments.

Front

What are flexible expenses?

Back

Flexible expenses are expenses that change from month to month, such as how much you spend on utilities.

Front

What are total expenses?

Back

Total expenses are the combined amount of your fixed and flexible expenses.

Front

What is total monthly income?

Back

Total monthly income is the income from your job or other resources including investment dividends, pensions, Social Security benefits, rental income and more.

Front

What is disposable income?

Back

Disposable income is the money you have left over after you subtract your income taxes from your income.