Budget vocabulary

3. The ways in which a person typically uses money
7. Money earned in exchange for work, or received from investments, allowance, or gifts
9. the concept of putting aside a sum of money into savings each month before paying other bills
10. anything that is owned by an individual
11. Money owed to individuals, businesses, or institutions
12. A situation where there is not enough money to cover expenses
16. Expenses that remain the same each month
18. A plan of action that allows a person to meet not only the immediate needs but also the long-term goals

1. The act of paying money for something
2. The process of setting aside money until a future date instead of spending it today. The goal of saving is to provide funds for emergencies, short-term goals, and investments
4. An organized plan for saving and spending based on your expected income and expenses
5. A situation where income and expenses are equal
6. The money you have to spend or save as you wish after taxes, social security, and other required and optional deductions have been withheld from your gross pay
7. Making purchases without comparing costs or benefits beforehand
8. The things people pay for with their money
13. mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
14. The process of setting money aside to increase wealth over time and accumulate funds for long-term financial goals such as retirement
15. Expenses that increase or decrease
17. Expenditures that change each month and can be reduced or eliminated if necessary