Financial Algebra Chapter 3
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Last updated 6:10 PM on 9/20/22
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12 Terms
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RecordKeeping
Keeping track of items you spend money on during a period of time, to help you manage money.
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Expenditures
Items you spend money on.
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Budget Sheet
A recod of monthly expenses.
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Living Expenses
Routine expenses, including amounts for food, utility bills, and pocket expenses.
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Budget
A plan for using money in a way that meets your wants and needs.
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Fixed Expenses
Regular expenses which do not vary from one month to the next, such as rent.
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Annual Expense
Expenses which occur only once a year, such as real estate taxes.
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Expense Summary
A monthly report that compares the amounts that you have spent to the amounts that you have budgeted.
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Emergency Fund
Extra money set aside to be used for unpredictable expenses, such as medical bills and vehicle repairs.
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Device
Some devised or contrived as a plan procedure, or technique
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Vary
To exhibit or undergo change.
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Vehicle
A means of carrying or transporting something.
