Budgeting Vocab

3. How much you make each month BEFORE taxes
5. Allows you to create a spending plan so you can spend your money on your needs and wants
7. Non- Consistent Expense(changing)
10. Primary Expense Examples
12. paper forms that people use to transfer money from one place to another.
13. Balancing your spending and your income
14. These Expenses are goods and services that you want but could live without
17. The card owner deposits money into a bank account. The card can be used to withdraw this money or to purchase goods and services.Buy Now, Pay Now
18. percentage added to your total (good for Savings Accounts but bad in credit cards)
19. account held at a financial institution that allows for withdrawals and deposits.
21. How much you make each year BEFORE taxes
22. adding an amount to your account

1. These expenses are high-priority necessities that are generally paid first.
2. A bank account that earns interest. Money can be deposited and withdrawn from this account
4. The federal health insurance program for people who are 65 or older or certain younger people with disabilities.
6. How much you make each MONTH after taxes
8. These are Secondary Expense Examples
9. A federal insurance program that provides benefits to retired people, the disabled, and spouses of deceased workers.
11. Each time the card owner purchases goods or services with the card, he or she is borrowing money from the credit card company. Buy Now, Pay Later
15. Constant Expense(stays the same)
16. A portion of one’s personal income paid to the government
20. the amount deducted from your bank account