Budgeting

to spend money or time on an asset, with the hopes that it will increase in value over time

• invest

• balanced budget

• withholdings

• discretionary

expenses that are optional

• invest

• balanced budget

• withholdings

• discretionary

amounts removed from gross income to pay for taxes and other expenses

• invest

• balanced budget

• withholdings

• discretionary

a budget in which the amount spent is less than or equal to the amount taken in

• invest

• balanced budget

• withholdings

• discretionary

A budget is a _____ for distributing your income.

Creating a______: • makes accidental overspending less likely. • can make you more conscious of your money’s value. • can reduce your chances of falling into debt .* you'll feel less stressed and happier

_____ income is the amount earned before deductions.

• Gross

• Net

• Insurance

• Deductions

_____income is the amount received after deductions.

• Gross

• Net

• Insurance

• Deductions

Gross Income − _________ = Net Income

• Gross

• Net

• Insurance

• Deductions

Income Tax, Payroll Tax, Insurance and benefit expenses, and savings deductions are all examples of (a)   on your paystub.

• withholdings
• Net
• Insurance
• expenses