Shared Flashcard Set

Details

Lesson 2 Budgeting Vocabulary
na
10
Finance
11th Grade
01/30/2013

Additional Finance Flashcards

 


 

Cards

Term
Income
Definition
Money you earn from a job or get from another source
Term
Expenses
Definition
Something you spend money on
Term
Need
Definition
Things you MUST have
Term
Want
Definition
Things you would LIKE to have
Term
Plan
Definition
The actions you will take to meet a goal
Term
Long term Financial Goal
Definition
A goal that you want to accomplish in less than a year
Term
Short term Financial Goal
Definition
A goal that you want to accomplish in more than a year
Term
Fixed Expense
Definition

Expenses that are always the same and you can

     predict to pay them every week, every two weeks, or every month.

 

Term
Variable Expense
Definition

Expenses that change based on usage or amount. 

     They are not the same each time they are due.  

Term
Periodic Expense
Definition

Expenses that come regularly, but less often than

     monthly.  

Supporting users have an ad free experience!