Budgeting Vocab Review

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Across
  1. 4. Optional spending on wants rather than needs
  2. 5. Money you spend on needs and wants
  3. 11. Expenses that occur at various times in large lump sums
  4. 12. A budget where total income minus total expenses equals $0
  5. 14. What you earn before taxes and deductions are removed
  6. 17. Payroll tax currently at 1.45% of gross earnings
  7. 18. A record of income and spending over a time period
  8. 19. Earnings based on a percentage of sales
  9. 20. Assets minus liabilities; your financial starting point
Down
  1. 1. Money withheld from your paycheck and paid to the government
  2. 2. An expense that stays the same amount every month
  3. 3. Money you receive from work, gifts, or investments
  4. 6. What you own, such as cash, savings, or investments
  5. 7. A cash reserve for unexpected expenses
  6. 8. What you owe
  7. 9. An expense that changes in amount month to month
  8. 10. A written plan for giving, saving, and spending your money
  9. 13. Payroll tax currently at 6.2% of gross earnings
  10. 15. Money set aside for future goals and emergencies; "pay yourself first"
  11. 16. Take-home pay after taxes and deductions