Art of Budgeting

1.A plan for future spending and saving, weighing estimated income against estimated Expenses.

• Gross Income

• Debt

• Expense

• Budget

2.The amount an employee earns once taxes and other items are deducted from his or her gross pay.

• Budget

• Debt

• Gross Income

• Net Income

3.The state of owing money to another individual or business, or the amount of money borrowed.

• Gross Income

• Net Income

• Debt

• Budget

5.Which is a deposit account held at a financial institution that allows withdrawals and deposits.

• Checking Account

• Savings Account

• Expense

• Budget

4.A strategy for handling one’s finances to ensure the greatest future benefit.

• Savings Account

• Income Tax

• Financial Plan

• Overdraft Fees

6.Fees incurred when a customer withdraws more money from an account than what is available in the account.

• Debt

• Budget

• Gross Income

• Overdraft fees

7.The total amount of money an individual has earned before taxes are taken out.

• Net Income

• Checking Account

• Gross Income

• Overdraft

8.The money an individual spends regularly for items or services.

• Budget

• Expense

• Checking Account

• Financial Plan

9.An account where money is kept for future use.

• Income Tax

• Overdraft Fees

• Savings Account

• Checking Account

10.Tax levied by a government directly on personal income.

• Budget

• Income Tax

• Net Income

• Expense