Across
- 2. A person who supports and encourages another in achieving their budgeting and financial goals, often providing motivation and oversight.
- 6. Money received on a regular basis, typically from employment, investments, or other sources, used to fund expenses and savings.
- 10. A budgeting method where cash is divided into envelopes designated for specific spending categories, helping individuals control expenses.
- 11. Money that is set aside from income for future use, often kept in a bank account or investment vehicle to earn interest.
- 14. Non-essential expenses that can be adjusted or eliminated, such as entertainment or dining out, allowing for more flexibility in a budget.
- 15. The act of spending more money than is allocated in a budget, which can lead to financial difficulties.
Down
- 1. The total amount of money being transferred in and out of an individual's account, reflecting their liquidity and financial health.
- 3. The amount of money left after all expenses and taxes have been deducted from gross income, representing actual take-home pay.
- 4. Any cost incurred in the process of spending money, which can be categorized as fixed (constant) or variable (changing).
- 5. A savings reserve set aside for unexpected expenses or financial emergencies, providing a safety net.
- 7. Regular, consistent expenses that do not change in amount over time, such as rent or insurance premiums.
- 8. Specific objectives that individuals aim to achieve through budgeting and saving, such as buying a home, paying off debt, or planning for retirement.
- 9. To allocate money or resources with the expectation of generating a profit or achieving a financial return over time.
- 12. A financial plan that outlines expected income and expenses over a specific period, guiding individuals on how to allocate their resources.
- 13. Costs that can fluctuate from month to month, such as groceries or utility bills, requiring careful monitoring in a budget.