BUDGET BUDDY LEARNING

Debit

Budget

Credit

Expenses

Variable Expenses

Allowance

Fixed Expenses

Income

BUDGET

a plan to save and spend money over a certain period of time

ALLOWANCE

amount of money given to a person over a certain amount of time for needs, expenses, or wants

BUDGET

Both a noun & a verb. VERB: To build a financial plan. Often involves saving & spending money over a certain period of time NOUN: A financial plan to assit in knowing where to categorize monetary transactions (saving, spending, debit, credits, etc.)

DEBIT

a transaction where money leaves your account. It could be money spent or money transferred to another account. It's important to note if it's a transfer or an expense debit.

DEBIT

amount of money paid out

CREDIT

amount of money added to your account

ALLOWANCE

amount of money given to a person over a certain amount of time for needs, expenses, or wants

VARIABLE EXPENSES

expenses that change depending on the use of products and services

FIXED EXPENSES

expenses that stay the same each month

EXPENSES

amount of money spent to pay for everyday living and activities

CREDIT

amount of money added to your account

FIXED EXPENSES

expenses that stay the same each month

VARIABLE EXPENSES

expenses that change depending on the use of products and services

EXPENSES

amount of money spent to pay for everyday living & activities

INCOME

pay usually measured in money that comes from work, labor, business, or investments

INCOME

pay usually measured in money that comes from work, labor, business, or investments