Income - Money received by an individual or a household , Salary  - weekly or monthly payment that does not change , wages - payment received for work usually based on hours worked , grant - a sum of money that does not have to be repaid , benefit in kind - non-cash form of payment given by an employer , expenditure - the amount of money spent by an individual or household , opportunity cost - the item we did not buy because we chose something else instead , financial cost - the amount of money paid for an item , false economy - a purchase that appears cheaper but costs more in the long run, impulse buying - unplanned spending , over spending - spendings more money than you have received , fixed expenditure - payment on a regular basis, does not vary with use , irregular spending - amount and/or when it is laid can depend on usage , Discretionary - payment for things we want but do not need ,

Income and Expenditure Key words

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