Basic Budget

Money that you earn.

• Asset

• Expense

• Income

What is an expense?

• Money that you spend or give away.

• Money that you earn.

• Money that you put away for later.

Money that you put away or in a bank for the future.

• Expense

• Savings

• Income

What is overspending?

• Using money you get to spend.

• Using more money than you have available.

• Using money you have in the bank.

A plan for spending and saving.

• Budget

• Savings

• Income

An expense that does not change from month to month.

• Variable expense

• Fixed expense

• Unexpected expense

What is a variable expense?

• An expense that changes every month.

• An expense that is unexpected.

• An expense that is the same month to month.

Something thought to be an essential item required for life (food, water etc.).

• Need

• Want

• Desire

Something unnecessary but you desire.

• Need

• Want

• Expect

What are goals called that take more than a year to accomplish?

• Short-term goals

• Long-term goals

• Expenses