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Finances

What is your knowledge of financial terms?

AB
BudgetPlan for spending your money
incomeamount of money you earn or receive
expensesthe way your spend your money
Zero-based BudgetTell every dollar where to go
wantsItems people desire, but don’t need to survive
needsA basic item that all people require for living.
prioritizeRanking items in order of importance
valuesThe beliefs, feelings, and experiences a person considers to be important and desirable.
deductionMoney taken out of paycheck- taxes, fica, etc
gross incomePay BEFORE deductions
net incomepay after all deductions



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