A detailed financial plan for a person’s expenses

Income that is not consistent or is not the same amount each pay period

something thought to be a necessity or essential items required for life

Also called “emotional buying”; Making an unplanned purchase.

something unnecessary but desired or items which increase quality of living

Take some envelopes, write the budget categories on the envelopes, and use only that money to purchase those items

Also called “rational buying”; Careful consideration of the product, features, price, etc. is made.

giving up one thing for another

the value of the next best alternative that must be forgone when making a decision

is a person who works for the owner to find/screen tenants, collect rent, maintain property, and respond to tenants’ needs

include utilities like heat, electricity, garbage, water, and other features like Internet and telephone service

 is the payment made in exchange for occupying another’s land or property, usually paid to landlord or property manager

is money paid in advance of moving in to be used for repairs beyond normal wear and tear

or renter, is the one who rents the property

is a document used to determine if a person’s credit history, financial stability, and references make them a worthy candidate