Budget Flashcard

Front

Money that you earn.

Back

Income

Front

What is an expense?

Back

Money that you spend or give away.

Front

Money that you put away or in a bank for the future.

Back

Savings

Front

What is overspending?

Back

Using more money than you have available.

Front

A plan for spending and saving.

Back

Budget

Front

An expense that does not change from month to month.

Back

Fixed expense

Front

What is a variable expense?

Back

An expense that changes every month.

Front

Something thought to be an essential item required for life (food, water etc.).

Back

Need

Front

Something unnecessary but you desire.

Back

Want

Front

What are goals called that take more than a year to accomplish?

Back

Long-term goals