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Money Management
BTC 28.2
Question | Answer |
---|---|
A method of planning to get the most from one's money. | Money Manangement |
A plan for using your income in a way that best suits your wants and needs. | Budget |
The actual amount of money that you earn or recieve during a given period. | Income |
The total amount of money that you earned for a specific time. | Gross Pay |
Amounts that are taken out of your pay before you recieve your next paycheck. | Deductions |
Take home pay or your gross pay minus deductions. | Net Pay |
An amount of money used to buy or do something. | Expense |
Expenses that are regular and are regularly paid. | Fixed Expenses |
Expenses that change and can be controlled more easily than fixed expenses. | Variable Expenses |
The difference between your budgeted amount and the actual amount that you spend. | Budget Variance |
Extra money that can be spent and/or saved. | Surplus |
Occurs when more money is spent than is earned or recieved. | Deficit |
Make practical and effective use of. | Utilize |
As a consequence; for this reason. | Hence |
Coming between two things in time, place, order, character, etc. | Intermediate |
Important, serious, or significant. | Major |