Family Budget Vocab

7. goals set to be achieved in about 10 or more years
8. process of creating a plan to spend and save money
10. individual who plans for the future and is prepared for any type of financial
11. expenses which help an individual to live more comfortably
12. expenditures which are essential for an individual to live and function
14. individual’s belongings which have value
15. individual who enjoys investing money into high-risk ventures

1. goals set to be achieved in about five to 10 years
2. itemized summary of the expected income and expenses for a defined period of time
3. individual’s expenses and outstanding debts
4. goals set to be achieved in less than a year of time
5. categories in which people can be put based off of their spending and saving habits
6. individual who does not consider money as a necessity and does not have much of an opinion on money
9. individual who enjoys spending money on himself/herself or others
13. individual who likes to save money rather than spend money