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Budgeting and saving

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Term
Definition
Budget   An itemized summary of probable expenditures and income for a given period.  
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Deficit   The amount by which expenditures exceed income.  
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Fixed expense   An unchanging expenditure.  
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Flexible expense   An expenditure that varies  
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Income   Money received.  
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Irregular income   Money received from gifts, odd jobs, and so on.  
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Savings   Money that is not spent.  
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Surplus   The amount of money remaining after all expenses have been met  
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Take-home pay   Money received after all adjustments and deductions are made.  
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Unexpected expense   An unforeseen cost.  
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Created by: mmetzger38
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