Grade 10 Business - Budgeting Vocabulary

What is the cost required for something; the money spent on something?

• Expenses

• Variable

• Periodic

• Budget Sheet

What is only paid for once?

• Savings

• Touchable Savings

• Untouchable savings

• One-Time

What is a reserve of money for unforeseen expenses or financial crises?

• Emergency Fund

• Debt

• Credit Score

• Assets

What is a factor that can change from month to month?

• Expenses

• Variable

• Periodic

• Budget Sheet

What are objectives set to achieve desired financial outcomes?

• Liabilities

• Net Worth

• Financial Goals

• Inflation

What are debts or financial obligations?

• Liabilities

• Net Worth

• Financial Goals

• Inflation

What is the practice of avoiding unnecessary expenses?

• Frugality

• Financial Literacy

• Impulse Buying

• Opportunity Cost

What is spending more than earned income?

• Budget Deficit

• Forecasting

• Operating Expenses

• Balance Sheet

What is income generated by a business through its normal operations?

• Fiscal Year

• Revenue

• Profit

• Loss

What are tools to assist in creating and managing budgets?

• Credit Limit

• Collateral

• Mortgage

• Budgeting Software