Budget Vocabulary

Something you spend money on

• Expense

• tax

• budget

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Plan for how you will spend your money

• Expense

• Taxes

• Budget

amount of money you earn before any taxes or other expenses

• Net Income

• Gross Income

Tags

CCSS.7.RP.A.3

the money left after taxes: money you take home

• Net Income

• Gross Income

Tags

CCSS.6.RP.A.3D

a percentage of your income collected by the government

• Income Tax

• Outcome Tax

• Government Tax

Tags

CCSS.6.RP.A.3C

expenses that stay the same each month

• Fixed Expenses

• Variable Expenses

Expenses that can change each month

• fixed expenses

• variable expenses

Tags

CCSS.3.OA.D.9

Not a benefit of a budget

• ability to save money

• prevent overspending

• Decrease money awareness

Mortgage

• Fixed Expense

• Variable Expense

Grocery Bill

• Fixed Expense

• Variable Expense