Budgeting Vocabulary

________ is an amount of money spent to buy goods and services for yourself or business

• Debt
• overdraft
• needs
• expense

_____ is something owed to another-- an obligation to pay

• income
• debt
• goal
• money

something you identify and work on to achieve

• needs
• money
• goal
• wants

A safe place that holds your money for when you need it

• checkbook
• budget
• bank
• deposit

Things necessary to live

• wants
• goals
• needs
• money

Money earned through employment and investments

• budget
• expense
• income
• debt

Pretty much everything you need, want or do requires what

• time
• needs
• money
• budget

when you take money out of your bank account

• deposit
• balance
• withdrawal
• checkbook

The record where you keep track of your money

• budget
• account
• checkbook
• deposit

Is a spending plan for managing money during a given period of time

• debt
• expense
• budget
• fixed expense