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IGHS Winkels

Consumer Math Chapter 1 Vocabulary

TermDefinition
needs things you must have, such as food
utilities services such as electricity, gas, water, and heat
wants things you would like, but can do without
expense money spent on something you need or want
expense record an organized chart used to list things you spent money on for a certain period of time, such as a week or month
fixed expenses expenses tht are the same from week to week or month to month
variable expenses expenses that change from week to week or month to month
income money you earn for working, or receive from investments or other sources
savings the difference between your income and your total expenses
Created by: Winkels