Lesson 1.5 Vocabulary Managing Your Income

Front

A plan for managing money.

Back

Budget

Front

The costs of goods and services, including those that are fixed.

Back

Expenses

Front

Desired results from one's effort to achieve personal economic satisfaction.

Back

Financial Goal

Front

Expenditures that stay the same.

Back

Fixed Expenses

Front

Income that stays the same from week to week or month to month.

Back

Fixed Income

Front

Payments earned by households for selling or renting their productive resources may include salaries, wages, interest, and dividends. What is this called?

Back

Income

Front

Expenditures that change from week to week and month to month.

Back

Variable Expenses

Front

Income that varies from week to week and month to month.

Back

Variable Income