VOCAB
EXPENSES
ZERO-BASED
4 PARTS
MISC
100

plan for how you spend your money.

budget

100

Expenses for things you don’t need.

non-essential or discretionary

100

But the best way to budget—the one that’ll make the most of every dollar you have

zero-based budget

100

any money you earn or receive as a gift.

income

100

You get paid different amounts or at different times, or both.

irregular income

200

any money you earn or receive as a gift.

income

200

Expense that remains the same from month to month.

fixed

200

a zero based budget means you end up with zero dollars

what is false

200

where you decide how you’ll be generous with the money you have.

giving

200

we need to do a budget

monthly

300

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

300

Expense that varies in dollar amount from month to month, but that you can expect to have every month.

variable

300

It means you’re giving every dollar you make a

job

300

The part of your budget where you set aside money

saving

300

the first days will be a disaster

what is 90 days 

400

a record that summarizes all of the income & outgo (spending) over  certain time period.

cash-flow statement

400

Expense that occurs at various times throughout the year & tends to be in large lump sums.

intermittent

400

life changes will affect your 

what is finances

400

Includes everything else you spend money on. 

spending

400

After budgeting for a couple of months, a lot of people say they feel like they got a

raise

500

The number of hours you work varies from week to week—you earn what’s called an

irregular income

500

the 4 expenses 

fixed, variable, intermittent, discretionary (non-essential)

500

the 4 walls 

food, shelter, transportation, utilities

500

the 4 parts to budgeting

income, giving, savings, spending

500

when discussing finances with someone else consider their 

money personality