Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


Income The amount of money you earn. This can be through a job or through investments or other means
Budget This is a financial plan that shows the money you expect to receive, and the money you expect to pay out, over a specified time. It can also mean the amount of money you have allocated to spend on a specific purpose
Budget Surplus When income is greater than expenditure.
Budget deficit When expenditure is greater than income.
Expenditure Spening money on goods and services.
Fixed income The same amount of money comes into your account at regular intervals.
Irregular income A different amount of money that comes into your account at different times.
Fixed expenditure Spending the same amount of money at different intervals
Irregular expenditure Spending different amounts of money at different intervals
Discretionary expenditure Spending money on luxury items. This is unnessecary spending.
Forecast A forecast is an estimation or calculation of future costs, ie income or spending that has not yet happened, based on the best information available.
Planned expenditure Any expenditure that can be predicted.
Unplanned expenditure Any expenditure that is not predicted, such as costs for repairs or medical fees.
Subtotal The total spending in a budget category, such as irregular expenditure.
Net cash The amount of money left at the end of each budget period, such as per month. This is a positive figure if income is greater than expenditure, but negative (shown in brackets) if expenditure is greater then income.
Opening cash/ balance The money available at the start of the budget period.
Closing cash/ balance The money left at the end of the budget period.
Created by: moneysense
Popular Finance sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards