Budgeting

Financial plan where money for all variable spending is taken out in cash and placed in labeled envelopes by budget category and then spending occurs only from the envelopes

• salary

• cash envelope budget

• residential lease

• wage

A fixed amount of money paid to an employee for each pay period.

• cash envelope

• surplus

• residential lease

• Salary

A contract between a tenant and a landlord providing the rules and costs for renting the property

• residential lease

• zero-based budget

• gross pay

• surplus

An amount of money paid to an employee at a specific rate per hour worked.

• freelancer

• surplus

• wage

• cash

Financial plan where every anticipated earning is assigned a role to be spent, saved, or invested somewhere, so there's no "leftover" money with no purpose

• zero-based budget

• surplus

• wage

• cash envelope budget

Total earnings before any deductions are taken

• freelancer

• gross pay

• pay yourself first

• deduction

When your income exceeds your expenses and you money leftover

• wage

• residential lease

• surplus

• deduction

To automatically save a specified amount from your paycheck before budgeting it into any other category

• income

• wage

• pay yourself first

• gross pay

money that is earned from work, investments, business, etc.

• cost of living

• surplus

• pay yourself first

• income

any items subtracted from your paycheck, including state and federal income taxes, social security, health insurance or 401(k)

• gross pay

• deduction

• income

• salary