Personal Finance - Budgeting Vocab

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Across
  1. 2. A financial strategy that emphasizes prioritizing savings and investments before other expenses
  2. 3. Costs that remain relatively consistent each month, such as rent, mortgage, or car payments
  3. 5. A budgeting method where money is allocated into different spending categories in label envelopes
  4. 6. Costs incurred in the process of generating income or for personal needs
  5. 10. A reserve of money set aside to cover unexpected expenses or financial emergencies
  6. 12. Money set aside for future use, typically in a bank account, investment, or financial instrument
  7. 13. A budgeting method where savings and debts are prioritized first and remaining funds are allocated after
  8. 14. Money earned from work, investments, or other sources
Down
  1. 1. Costs for non-essential items or activities. Such as dining out, shopping, or hobbies
  2. 4. A budgeting method that starts from zero each budgeting period
  3. 7. An excess of income over expenses, resulting in a positive net income
  4. 8. The amount of money remaining after deducting all expenses from total income
  5. 9. A situation where expenses exceed income, resulting in a negative balance
  6. 11. Costs that fluctuate from month to month, such as groceries, entertainment, or travel
  7. 15. The movement of money into and out of your account over a period of time