Budgeting Vocabulary

________ is an amount of money spent to buy goods and services for yourself or business

• Debt
• overdraft
• needs
• expense

_____ is something owed to another-- an obligation to pay

• income
• debt
• goal
• money

A safe place that holds your money for when you need it

• checkbook
• budget
• bank
• deposit

Things necessary to live

• wants
• goals
• needs
• money

Money earned through employment and investments

• budget
• expense
• income
• debt

when you take money out of your bank account

• deposit
• balance
• withdrawal
• checkbook

Occurs when you spend more money than you actually have

• withdrawal
• income
• overdraft
• goal

when you put money in the bank you are making a 

• withdrawal
• debt
• deposit
• income

Things you would like to have are called

• needs
• expenses
• wants
• budgets

The amount of money you have available in your account to spend

• deposit
• debt
• balance
• withdrawal