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Budget Vocab

QuestionAnswer
Zero-based budget budget that equals zero after expenses
Fixed Expenses expenses that are at the same price every month
Variable Expenses expenses that change cost every month
Income amount you make for doing a job
Need something that is a necessity in life
Want something that you desire
Disposable Income income remaining after deduction
Financial Plan a way to plan ahead so you can have money after retirement
Assets Something valuable that an entity owns
Liabilities A claim against the assets
Net Worth measure of the wealth of an entity
Capital something people buy to help their business
Surplus having more of something then needed
Budget a spreadsheet made by a person to help them know how much to spend each month
Created by: AlexisHavens
Popular Finance sets

 

 



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