IDP Budget Vocabulary

A plan on how to spend money including expenses and income

• Expenses

• Income

• Budget

• Needs

the money spent on something or withdrew from your account

• Expenses

• Income

• Budget

• Vacation

the money someone receives or puts in their account

• Vacation

• Wants

• Needs

• Income

time spent away from home for leisure or recreation

• Wants

• Needs

• Vacation

• Budget

the things you must have in order to live such as air, water, food, and shelter

• Wants

• Needs

• Income

• Vacation

Things people desire but are not necessary for living

• Wants

• Budget

• Needs

• Vacation