Budgeting Vocabulary

Money taken out of your income for taxes

• Deductions

• Fixed Expenses

• Budget

The money you have coming in; the money you are earning at your place of employment

• Budget

• Fixed Expenses

• Income

What you spend money on

• Inflation

• Income

• Expense

Tags

CCSS.6.NS.C.5

Your "take home" pay or pay check amount; the money you earn after taxes are taken out

• Inflation

• Net Income

• Variable Expenses

Tags

CCSS.7.RP.A.3

A plan that helps people track spending so they can get the things they need and want without running out of money

• Budget

• Income

• Net Income

An increase in the amount of money in circulation. This increase causes a drop in value and a rise in prices. A product costs more money this year than it did last year.

• Inflation

• Deductions

• Net Income

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Payments which vary from week to week or month to month, like a gas bill

• Gross Income

• Variable expenses

• Fixed expenses

Tags

CCSS.3.OA.D.9

The money you earn before taxes are taken out of your paycheck

• Expense

• Deductions

• Gross Income

Tags

CCSS.7.RP.A.3

Payments which usually do not vary in amount and must be paid on a regular basis, like a car payment

• Budget

• Net income

• Fixed expenses