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Money Mgmt Vocab


Variable expense Expenses with different amounts each time and are hard to estimate.
Fixed expense Expenses that happen regularly and are for the same amount each time.
Net Income Amount of a paycheck after taxes have been taken out.
Budget A plan for saving and spending income wisely.
Wants Things you want to buy for pleasure and are not necessary for survival.
Financial Goals Short or long term goals you want to achieve with your money.
Income Money you receive from work that you do.
Needs Things necessary for survival such as food, clothing, shelter.
Gross Income Amount of a paycheck before taxes have been taken out.
Created by: Knuddar