Personal Budget - Vocab

Front

Spur-of-the-moment, unplanned decision to buy

Back

Impulse Spending

Front

Expenses that change in price and frequency each month

Back

Variable Expenses

Front

The money an individual spends regularly for items or services

Back

Expenses

Front

Payment received for goods and services

Back

Income

Front

Items that are desired and not essential to live: Expenses, Needs, Wants, Income

Back

Wants

Front

Items needed to live, such as clothing, food, and shelter

Back

Needs

Front

Unplanned and Unforeseen expenses

Back

Unexpected Expenses

Front

Personal expenses that are the same each month

Back

Fixed Expenses

Front

Money you borrow

Back

Debt

Front

A plan for future spending and saving, keeping track of income and expenses

Back

Budget