Dave Ramsey- Budgeting

Income that comes in at different amount or different times or both

• budget

• irregular income

• fixed income

• gross income

a series of envelopes that are divided into categories and are used to store cash for planned monthly expenses

• intermittent expense

• variable expense

• envelope system

• cash- flow statement

a plan for how you spend your money

• budget

• discretionary expense

• commission

• gross income

this type of expense stays the same each month

• fixed income

• variable expense

• discretionary expense

• fixed expense

earnings based on a percentage of sales made

• commission

• variable income

• irregular income

• net income

expenses that occur at various times throughout the year and tend to be in large lump sums

• variable expense

• intermittent expense

• fixed expense

• discretionary expense

what a person earns after payroll taxes and other deductions are taken out

• irregular income

• commission

• gross income

• net income

an expense that changes based on usage

• fixed expense

• variable expense

• discretionary expense

• intermittent expense

which of the following is NOT a fixed expense

• car payment

• house/mortgage payment

• groceries

• subscription like netflix or hului

which of the following expenses would you use an envelope system for?

• car payment

• house payment

• eating out

• credit card payments