PART 1
What is the term for the money you have left over after you've paid all your bills and expenses?
What is disposable income?
What is the term for a budget category that includes expenses that are the same each month?
What is a fixed expense?
What is the term for a budget category that includes expenses related to housing, such as rent or mortgage payments?
What is housing expenses?
What is the term for the practice of spending less money than you earn?
What is living within your means?
What is the term for a budget category that includes expenses related to pets, such as food and veterinary costs?
What is pet expenses?
What is the first step in creating a budget?
What is determining your income and expenses?
What is the term for the money you save for a specific purpose?
What is savings?
What is the term for a budget category that includes expenses related to food and groceries?
What is food expenses?
What is the term for a budget category that includes expenses related to education, such as tuition and textbooks?
What is education expenses?
What is the term for a budget category that includes expenses related to gifts and charitable donations?
What are miscellaneous expenses?
How often should you review and adjust your budget?
What is every month or every time your income or expenses change significantly?
What is the term for the money you set aside for unexpected expenses?
What is an emergency fund?
What is the term for a budget category that includes expenses related to transportation, such as car payments and gas?
What is transportation expenses?
What is the term for a budget category that includes expenses related to personal care, such as haircuts and toiletries?
What is personal care expenses?
What is the term for the practice of tracking your expenses to ensure you're staying within your budget?
What is expense tracking?
What is the most important rule of budgeting?
What is "spend less than you earn"?
What is the term for the practice of allocating a specific amount of money for each budget category?
What is zero-based budgeting?
What is the term for a budget category that includes expenses related to entertainment and leisure activities?
What is entertainment expenses?
What is the term for the practice of using cash instead of credit or debit cards?
What is the envelope system?
What is the term for the money you set aside for a specific goal or purchase, such as a vacation or a new car?
What is a savings goal?
What is the term for a budget category that includes expenses that can vary from month to month?
What is a variable expense?
What is the term for the money you owe to lenders, such as credit card companies and banks?
What is debt?
What is the term for a budget category that includes expenses related to health and wellness, such as gym memberships and healthcare costs?
What is healthcare expenses?
What is the term for the practice of setting aside money for retirement?
What is retirement savings?
What is the term for the practice of prioritizing your spending based on your values and goals?
What is values-based budgeting?