Expenses
These are expenses where the prices remain the same or stay consistent such as rent, utility bills, or loan payments.
What is fixed expenses
This is referred to as money that is owed.
What is debt
This is the term we use when something occurs every month
What is monthly
This is the first foundation of personal finance
What is an emergency fund
These are expenses where the prices change or fluctuate
What are variable expenses
This is a plan for spending and saving money
What is a budget.
This is the term for work i.e. what a person does to earn a living
What is employment
This is the amount one is to put away for an emergency fund according to the first foundation of personal finance
What is $500
This is referred to as money received from working, or from investments or other sources
What is income
This is a situation which the total outgo matches income
What is balanced budget
This describes a person who works for another person or business for pay
What is an employee.
This a term for the money one deposits into a savings account.
What is a principal
This is another word for money spent on various things that are needed or wanted. This is also referred to as costs.
What are expenses.
This is the act of moving money from one budget line to another
What is a transfer
This is a paper or card on which hours worked by an employee are recorded.
What is a time card
This is a portion of a principal that a bank pays someone when they deposit money into a savings account.
What is interest/interest rate
This is known as protection against losses or damages
What is insurance.
This is a line with details about a particular expense or savings entry
What is a budget item
This describes an amount paid for work
What is a wage.
This is type of investment account where a person can deposit money into a bank account and after a number of set years the bank will pay the person interest on the principal they deposited.
What is a certificate of deposit.