Budget Vocab

Front

Spending money left after mandatory expenses each month.

Back

Discretionary Income

Front

Things an individual enjoys but doesn't need to survive.

Back

Wants

Front

Amount below required minimum.

Back

Deficit

Front

Essentials for individuals.

Back

Needs

Front

Estimate of future expenses and income.

Back

Budget

Front

Earnings: Amount of money earned over time.

Back

Income

Front

Goals that are specific, measurable, attainable, realistic, and time-oriented.

Back

SMART Goals

Front

Things an individual aims to achieve.

Back

Goals

Front

Money set aside for unexpected expenses.

Back

Emergency Funds

Front

Too much of an item in stock.

Back

Surplus