Personal Finance: Section 4.1 & 4.2 Vocabulary

Items of value minus any debts owed against those items

Income from your job, investments and other sources

Debts that you owe

Making a purchase and later regretting it

Spending and saving plan based on expected income and expenses

Costs that can go up and down each month

The amount of money needed to sustain a certain level of living

The basic services for your home, apartment, business needed to keep it comfortable and functioning properly.

Expenses that help you live more comfortably

The amount of money that a person has to spend after taxes paid have paid.