| A | B |
|---|
| Budget | This is an estimate, usually by catagory, of expected income and expenses |
| Fixed Expenses | Are expenses that stay the same during a given time period |
| Variable Expenses | Are expenses that do not stay the same during a given time period |
| Income | is money you receive such as pay from a job or an allwance |
| Discretionay Income | is money that remains after all expenses are paid |
| You can track your expected income and expenses for a given period using a ______ | budget. |
| You paid $12.50 for a new music CD. This amount represents a _____ | expense. |
| Last week you paid $4.50 for lunch on Monday, $3.00 for lunch on Tuesday. These expenses are _______ | variable . |
| Money you receivee for working at a job is an example of _____ | income. |
| The phrase pay yourself first means that you should_____ | set aside money to save as part of your budget. |
