2.3
you need a
what is a budget
money received for work, as a gift, or through investments
what is Income
a record that summarizes all of the income and outgo (spending) over a certain time period
what is Cash-Flow Statement
what is the best budget
what is a zero-based budget
expense that remains the same from month to month
what is Fixed Expense
income that comes in at different amounts or at different times, or both
what is Irregular Income
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
what is Net Income
expense that varies in dollar amount from month to month but that you can expect to have every month
what is Variable Expense
earnings based on a percentage of the sales made
what is Commission
the amount you earn before taxes and other payroll deductions
what is Gross Income
expense that occurs at various times throughout the year and tends to be in large, lump sums
what is Intermittent Expense
Budgeting isn’t a what activity
what is a set it and forget it
You can start making real progress today on
what is The Five Foundations
expense for things you don’t need
what is Discretionary (Nonessential) Expense