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Budget

TermDefinition
Budget A careful plan for spending or saving within a certain or time.
Career clusters Groupings of jobs and industries that are related by knowledge and skills.
Consequence The result of a decision or action.
Credit The ability of a consumer to buy goods or services before paying for them, based on an agreement to pay later.
Commitment The act of pledging yourself to a course of action.
Co-pay A fixed fee an insured person must pay for a doctor's visit, an outpatient service, or a prescription
Credit card A card that allows users to make purchases through a limited personal loan, with the expectation that the money will be repaid at a later date, often with interest.
Credit score A standardized measurement of the potential for a borrower to repay debt.
Debit card A card that pays for a purchase directly from a checking account.
Decision making The process of choosing among alternative courses of action.
Deductible Money paid out-of-pocket before insurance covers the remaining costs.
Expenses The amount spent to make purchases and pay bills
Goal Something that a person wants or works for.
Gross Income Income before all taxes have been deducted.
Net income The amount an individual earns after subtracting taxed and other deduction from gross income
Created by: oorteg03
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