50/30/20 Budget - A budgeting method that allocates 50% to needs, 30% to wants, and 20% to savings and debt repayment, Budget - A plan of your expected income and how you will use it to meet your expected expenses over a period of time, Deduction - Any items subtracted from your paycheck, including state and federal income taxes, Social Security, health insurance or 401(k) contributions, Deficit - When your expenses exceed your income, Expenses - Items or services you pay for such as rent, groceries, entertainment, bills, etc., Fixed Expense - A cost that can be expected at regular intervals and that remains the same amount (e.g., monthly rent payment), Gross Pay - Total earnings before any deductions are taken, Income - Money that is received from work, investments, business, etc., Needs - Expenses that are essential for you to be able to live and function, Net Pay - Total earnings after payroll taxes and other deductions have been taken out; also called take-home pay, Pay Yourself First - A strategy where you save a specified amount of your paycheck before doing anything with the rest of your money, Surplus - When your income exceeds your expenses and you have money leftover, Salary - A fixed amount that you are paid over a period of time, regardless of how many hours you work, Utilities - The basic services your home, apartment, or business needs to keep it comfortable and functioning properly (e.g. water, electricity, etc.), Variable Expense - A cost that appears irregularly or that changes in amount (e.g., utility bills), Wage - A set amount you are paid for every hour that you work; also called hourly pay, Wants - Expenses that help you live more comfortably, Zero-Based Budget - A budgeting method where every anticipated earning is assigned a role to be spent, saved, or invested somewhere, so there's no "leftover" money with no purpose, Cash Envelope Budget - A budgeting method where money for monthly spending is taken out in cash and placed in labeled envelopes according to budget categories. Spending occurs only from the corresponding envelopes., Cost of Living - The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare; often used when comparing how expensive it is to live in one city versus another,

Budgeting Vocabulary

par
Incorporer

Classement

Style visuel

Options

Changer de modèle

Restauration auto-sauvegardé :  ?