Budgeting Vocabulary

3. A financial plan that estimates income and expenses over a specified period, helping individuals manage their money effectively.
5. The total amount of money being transferred into and out of a business or individual's account.
8. Vocabulary List for Eleventh Grade
10. A numerical expression based on a level analysis of a person's credit files, representing the creditworthiness of an individual.
12. Costs that vary in amount and frequency, like groceries and entertainment.
15. Money set aside for future use, typically in a bank account or investment.
19. Total earnings after subtracting all expenses, taxes, and costs.
20. Costs that do not change from month to month, such as rent or mortgage payments.
22. The total assets minus total liabilities of an individual or company.
23. Occurs when expenses exceed income, resulting in a negative balance.
24. The ability to obtain goods or services before payment, based on the trust that payment will be made in the future.
25. The action or process of investing money for profit or material result.

1. A target or objective that is expressed in or based upon money or financial terms.
2. The cost of borrowing money, typically expressed as an annual percentage rate.
4. The portion of an individual's income remaining after paying for essentials like food, clothing, and shelter.
6. An individual expenditure or source of income in a budget.
7. Occurs when income exceeds expenses, resulting in a positive balance.
9. A reserve of cash kept available to cover unexpected financial emergencies.
11. Any resource owned by an individual or entity that is expected to provide future economic benefit.
13. Money received, especially on a regular basis, for work or through investments
14. An obligation of an entity arising from past transactions, expected to result in an outflow of resources.
16. The initial amount of money borrowed or invested, excluding any interest or dividends.
17. The cost required for something; the money spent on something.
18. The process of allocating investments among various financial instruments, industries, and other categories to minimize risk.
21. Money owed by one party to another.