Budgeting

3. Money you set aside instead of spending, usually to use later or for something important, like an emergency or a big purchase.
4. Money that is taken out of your paycheck before you get it, usually for things like taxes, insurance, or retirement savings.
6. The things you spend money on, like food, clothes, rent, or fun activities.
9. The money you actually take home after deductions (like taxes and insurance) are taken out of your gross pay.
12. Money that the government takes from the money you earn (your income) to help pay for things like the military, highways, schools, and other public services.
13. A budgeting plan that shows how to use your money:50% for needs 30% for wants 20% for savings

1. The money you receive from your job for the work you did during a pay period. It shows your gross pay, deductions, and net pay.
2. The money a person earns or receives, usually from working a job, but it can also come from gifts, allowance, or other sources.
5. Something you must have to live and stay safe, like food, water, shelter, clothing, and healthcare.
7. The set amount of time you work before you get paid. For example, some jobs pay every week, every two weeks, or once a month.
8. A plan for how you will use your money. It shows how much money you earn, spend, and save so you don’t run out.
10. The total amount of money you earn before any deductions (like taxes or insurance) are taken out.
11. Something you would like to have but don’t need to live. Examples: video games, candy, new clothes, or going to the movies.