Vocabulary
Free Style
Types of Expenses
100
Budget
A Written Cash flow statement
100
70%
What is the percentage of Americans living Paycheck to Paycheck
100
Fixed
What is an expense that stays the same from month to month
200
Reconcile
What is a summary that shows total income and spending for a given time period
200
budget
What is crucial for financial success
200
variable
What is an expense that varies from month to month
300
Zero Based Budget
What is a cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero
300
Reconcile
What does it mean to match your bank statements to your check register/balance sheet?
300
Discretionary expense
What is a cost that is not essential for the operation of a home or a business.
400
Overdraft
What occurs when money is withdrawn from a bank account and the available balance goes below zero
400
Online Bill Pay
What allows you to make payments to whomever you wish without having to write a check and send it in the mail.
400
intermittent
What is are expenses that occur at various times throughout the year and tend to be in large lump sums.
500
Carbon Check
What is a copy of a check you write
500
$30.
What is the average overdraft fee amount charged by a financial institution?
500
Variable
What type of expense category would utilities such as electricity or gas fall in
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