Budgeting Vocabulary

Money that is received from work, investments or business is __________.

Any items subtracted from your paycheck, including state and federal income taxes, Social Security, health insurance or 401(K) contributions is a __________.

__________ is the total earnings after payroll taxes and other deductions have been taken out. It is also called take-home pay.

A __________ is a plan of your expected income and how you will use it to meet your expected expenses over a period of time.

A __________ is a document that's given to an employee each payday.

When your income exceeds your expenses and you have money left over; that is a __________.

__________ is the amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.

A __________ is a cost that can be expected at regular intervals and that remains the same amount.

Expenses that help you live more comfortably are __________.

__________ are items or services you pay for such as rent, groceries, entertainment, bills, etc.