L9 Budgets Flashcards
Increase vocabulary skills through repetition to increase comprehension of curriculum
1
Q
plan for future spending/saving, weighing estimated income against estimated expenses
A
budget
2
Q
total amount of money being transferred into or out of an account
A
cash flow
3
Q
money spent regularly for items or services
A
expenses
4
Q
payment received for goods/services, including employment
A
income
5
Q
personal expenses that are the same each month
A
fixed expenses
6
Q
total amount of money one has before taxes are taken out
A
gross income
7
Q
amount an employee earns once taxes and other items are deducted from gross pay
A
net income/pay
8
Q
expenses that change in amount or frequency each month
A
variable expenses
9
Q
money paid to government BEFORE you receive your check to fund programs like Medicare, Social Security and unemployment
A
taxes
