| A | B |
|---|
| Variance | Difference between budget and actual |
| Consumer Price Index (CPI) | Measures changes in prices for commonly purchased goods and services |
| Budget | Plan for using money to meet wants and needs |
| Net Cash Flow | Subtract Expenses from Income |
| Discretionary Income | Money left over after paying for essentials. |
| Take-Home Pay | Income left after taxes and other deductions |
| Cash Flow | Actual money that goes in and out of wallet and bank accounts. |
| Income | Cash inflow or Money you receive. |
| Insolvency | When you are unable to pay all of your debts. |
| Liabilities | Debts - Money you owe. |
