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Budget
FEFE Unit 2
9
Finance
12th Grade
03/23/2012

Additional Finance Flashcards

 


 

Cards

Term
payroll deductions
Definition
Money taken out of a paycheck by an employer to pay for taxes, health insurance, and other payments
Term
spending plan
Definition
Budget can also be referred to as a
Term
income
Definition
Any money you receive such as allowance or paycheck
Term
P.Y.F.
Definition
Taking a certain amount of all money you receive and saving it to be used for spending on longer-term goals
Term
variable expense
Definition
Expenses that fluctuate in amount, so you usually have more control over how much they'll be
Term
fixed expense
Definition
An expense when the amount of money is the exact same amount every time
Term
net income
Definition
Take-home pay also referred to as your paycheck after payroll deductions
Term
periodic expense
Definition
Expenses that you don't pay every month and can be either fixed or variable in amount
Term
cash flow log
Definition
A record of money you have coming in and going out
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