Budgeting Vocabulary

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Budgeting

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Tags and Description

Economics

9th

10 Terms

1

Budgeting

A plan for spending money based on income and expenses

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2

Debt

Money that is owed to someone or a company

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3

Emergency Expenses

An unexpected event that requires you to spend money fast

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4

Expenses

The amount of money something costs

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5

Fixed Expense

An amount of money that you pay that does not change monthly or changes very little

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6

Flexible Expense

An amount of money that you pay that does change monthly

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7

Income

Money received through work or investments

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8

Insurance

Monthly payments that protect your car, house, and health in case of an emergency

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9

Mortgage

Monthly payments on a house

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10

Utilities

Monthly payments for heating, water, and electricity

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