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Chapter 3

Flash Cards

TermDefinition
Expenditures Items you spend money on
Budget sheet A sheet that records your expenses usually on a monthly basis
Recordkeeping A way to manage your money
Living expenses Amounts for food, utility bills, and pocket money
Budget A plan for spending money in a way that best meets your wants and needs
Fixed expenses Expenses that do not vary from month to month
Annual expenses Expenses that occur only once a year
Expense summary Amount spent versus amount budgeted
Emergency fund Extra money set aside for unexpected expenses
Created by: Rogue X44
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