Budgeting Vocabulary

2. Total value of a person or company, which can be calculated by subtracting liabilities from total assets
6. Anything owned by an individual
7. Setting aside money until a future date instead of spending it today
9. Concept of putting aside a sum of money into personal savings each month before paying other bills
10. Money owed to individuals, businesses, or institutions
13. Used to measure movement of money over time
14. Expenses that remain the same each month
15. An organized plan for saving and spending based on expected income and expenses

1. The things people pay for with their money
3. Ways in which a person typically uses money
4. Income you have to spend or save after taxes and other withholdings
5. Setting aside money to use to increase wealth over time
8. Expenses that increase or decrease month to month
11. Situation in which income and expenses are equal
12. Money earned in exchange for work, or received from investments, allowance, or gifts