Budgeting Vocabulary
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10 Terms
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Budgeting
A plan for spending money based on income and expenses
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Debt
Money that is owed to someone or a company
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Emergency Expenses
An unexpected event that requires you to spend money fast
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Expenses
The amount of money something costs
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Fixed Expense
An amount of money that you pay that does not change monthly or changes very little
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Flexible Expense
An amount of money that you pay that does change monthly
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Income
Money received through work or investments
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Insurance
Monthly payments that protect your car, house, and health in case of an emergency
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Mortgage
Monthly payments on a house
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Utilities
Monthly payments for heating, water, and electricity
Note 
Flashcards (51)