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M.4.1.3 Vocabulary
| Term | Definition |
|---|---|
| Fixed Expenses | expenses that are a set amount consistent from month to month |
| Variable Expenses | expenses that vary in cost from month to month |
| Saving | to put aside money from current income to buy something in the future |
| Spending | trading money for goods or services |
| Interest | money you pay when you borrow money, or money you receive for having a savings account |
| Sum | the result to adding numbers or quantities together; the answer to an addition problem |
| Difference | the amount left over when one number is subtracted from another; the answer to a subtraction problem |
| Expanded Form | a number written as the sum of the value of its digits |
| Place Value | the value a digit has based on its position in a number |
| Round | to approximate the value of a number using a particular place value |