plan for how you spend your money.
budget
Expenses for things you don’t need.
non-essential or discretionary
But the best way to budget—the one that’ll make the most of every dollar you have
zero-based budget
any money you earn or receive as a gift.
income
You get paid different amounts or at different times, or both.
irregular income
any money you earn or receive as a gift.
income
Expense that remains the same from month to month.
fixed
a zero based budget means you end up with zero dollars
what is false
where you decide how you’ll be generous with the money you have.
giving
we need to do a budget
monthly
a cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero.
zero-based budget
Expense that varies in dollar amount from month to month, but that you can expect to have every month.
variable
It means you’re giving every dollar you make a
job
The part of your budget where you set aside money
saving
the first days will be a disaster
what is 90 days
a record that summarizes all of the income & outgo (spending) over certain time period.
cash-flow statement
Expense that occurs at various times throughout the year & tends to be in large lump sums.
intermittent
life changes will affect your
what is finances
Includes everything else you spend money on.
spending
After budgeting for a couple of months, a lot of people say they feel like they got a
raise
The number of hours you work varies from week to week—you earn what’s called an
irregular income
the 4 expenses
fixed, variable, intermittent, discretionary (non-essential)
the 4 walls
food, shelter, transportation, utilities
the 4 parts to budgeting
income, giving, savings, spending
when discussing finances with someone else consider their
money personality