Personal financial Literacy Vocabulary

generous gift of money or time to a person or organization

• Charitable Donation
• Transfer Payments
• Capital Gain
• Dividends
• Reconciliation

same amount of money earned on a set interval basis, such as monthly or quarterly

• Fixed Income
• Charitable Donation
• Transfer Payments
• Capital Gain
• Wages

amount of money earned is not the same each pay period

• Variable Income
• Fixed Income
• Charitable Donation
• Transfer Payments
• Salaries

a bill, such as monthly rent, which is the same each month

• Fixed Expense
• Variable Income
• Fixed Income
• Charitable Donations
• Interest

a bill, such as a utility bill, which is a different amount each month

• Variable Expense
• Fixed Expense
• Variable Income
• Fixed Income
• Rent

money without a specific purpose left over each month after all bills have been paid

• Discretionary Expense
• Variable Expense
• Fixed Expense
• Variable Income
• Dividends

amount of a paycheck one gets to keep after taxes and other deductions are taken out

• Take-home Pay
• Discretionary Expense
• Variable Expense
• Fixed Expense
• Capital Gain

strong, usually irresistible, impulse to perform an act against a person's usual behavior

• Compulsive Behavior
• Take-home Pay
• Discretionary Expense
• Variable Expense
• Transfer Payments

sudden, involuntary inclination prompting one to take an action which is not well thought out

• Impulse
• Compulsive Behavior
• Take-home Pay
• Discretionary Expense
• Charitable Donations

schedule of recurrent times in any regular system of preparing or sending bills

• Billing Cycle
• Impulse
• Compulsive Behavior
• Take-home Pay
• Fixed Income