Budget Vocabulary November

A breakdown of your income and expenses for a set period of time...

• Income

• Budget

• Net Pay

• Gross Pay

An amount of money owed for goods or services...

• Bills

• Ticket

• Budget

• Payment

Things you have to have; these are essential...

• Wants

• Preferences

• Needs

• Options

Needs

Things you have to have; these are essential

Wants

Things you would like to have; they are not absolutely necessary, but they would be nice to have...

• Wants

• Preferences

• Needs

• Options

Money received on a regular basis...

• Payment

• Windfall

• Budget

• Income

The cost required to pay for something...

• Payments

• Expenses

• Tickets

• Bills

Putting aside money for future use...

• Saving

• Spending

• Budgeting

• Planning

The amount of money you recieve in your paycheck before any deductions or taxes are taken out...

• Net Pay

• Income

• Salary

• Gross Pay

The amount of money you recieve in your paycheck after any deductions or taxes are taken out...

• Net Pay

• Salary

• Income

• Gross Pay

A document that is given to a worker with each paycheck and that shows the amount of money earned and the amount that was removed for taxes...

• Ticket

• Pay Stub

• Check

• Budget