Budgeting

3. Money owed, or money that has been borrowed and must be paid back
5. an amount of money saved in case something urgent arises (extra rent, plane ticket, etc.)
6. a method of budgeting where every single dollar of income is assigned to a specific expense
7. remain constant within you budget (example: rent, insurance, cell phone provider)
11. allocating money earned for a particular purposes
12. The total money earned minus expenses like taxes and interest
14. a strategy for budgeting where the first "bill" paid every month goes towards savings
15. a type of savings account that pays a higher interest rate than a traditional savings account

1. a strategy for budgeting where different percentages of the budget go towards needs, savings, and wants
2. change regularly and may be influenced by everyday choices (example: food, clothing)
4. money received, especially on a regular basis, for work or through investments
8. an expense that can be subtracted from a taxpayer's gross income in order to reduce the amount of income that is subject to taxation
9. Budget a strategy for budgeting where specific amounts of money is put into envelopes (physically in cash or electronically with an app or spreadsheet) representing different bills, savings goals, and allowances
10. A financial arrangement where money is borrowed for a purchase and paid back later
13. Lays the foundation for budgeting