Studied by 300 peopleBudgeting
A plan for spending money based on income and expenses
Debt
Money that is owed to someone or a company
Emergency Expenses
An unexpected event that requires you to spend money fast
Expenses
The amount of money something costs
Fixed Expense
An amount of money that you pay that does not change monthly or changes very little
Flexible Expense
An amount of money that you pay that does change monthly
Income
Money received through work or investments
Insurance
Monthly payments that protect your car, house, and health in case of an emergency
Mortgage
Monthly payments on a house
Utilities
Monthly payments for heating, water, and electricity
Note
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