Personal Finance Terms

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Income

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Money received for work, as a gift, or through investments

Front

Fixed Expense

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Expense that remains the same from month to month

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Variable Expense

Back

Expense that varies in dollar amount from month to month but that you can expect to have every month

Front

Intermittent Expense

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Expense that occurs at various times throughout the year and tends to be in large, lump sums

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Discretionary (Nonessential) Expense

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Expense for things you don’t need