Finance

1. A plan
7. the money or value that a person or business receives
8. Savings are the portion of income that you do not spend on current living costs or bills
9. A mortgage is a specialized type of loan used to buy real estate
11. Spending The Essential money that you pay for each more for your core needs
12. Fund An emergency fund is a pool of cash set aside in a separate, accessible account to pay for unexpected, necessary life events

1. Deficit Happens when a government spends more money than it collects in a year
2. Groceries are the essential needs that you need everyday
3. the essential public services that keep a home or business running
4. expenses Variable expenses are costs that change over time
5. Surplus Happens when government income from taxes and other revenue is higher than the total spending over a financial period
6. Based Budget A zero-based budget is a method of managing money where your total income minus your total expenses equals zero
10. Expenses A fixed expense is a cost that stays the same every billing period
13. Essential Spending The money used on things that are not essential to your life