| A | B |
|---|
| Fixed | An expense, paid at least each month, that has the same cost each time that is paid. |
| Variable | An expense, paid at least each month, that is not the same every time it is paid. |
| Periodic | An expense that is paid only once or a few times each year. |
| Income | Money that is earned or received. |
| Expense | Money that is spent. |
| Need | An item that is required for daily life. |
| Want | An item that would be nice to have but isn't required. |
| Short Term | A goal that can be reached in under a year. |
| Long Term | A goal that will take more than a year to reach. |
| Budget | A plan for the money a person earns and spends each month. |
