WISE Budgeting Vocabulary (Porzio)

• budget
• trade off
• goal
• disposable income

• trade off
• opportunity cost
  opportunity cost
• want
• balanced budget

• budget
• financial plan
• spending plan
• income cycle

• emergency fund
• surplus
• disposable income
• discretionary income

• budget 
• spending plan
• balanced budget
• allocation model

• want
• need
• fixed expense
• variable expense

• variable expense
• needs
• wants
• fixed income

• trade off
• wants
• needs
• balanced budget

• opportunity cost
• discretionary income
• wants
• short term goal

• income
• surplus
• pay yourself first
• income