| A | B |
|---|
| wants | Things you would like, but can do without are |
| utilities | Services such as electricity, gas, water, and heat are known collectively as |
| needs | Things that you must have, such as food are |
| expense | Money spent on something you need or want is an |
| expense record | Is an organized chart used to list things you spent money on for a certain period of time, such as a week or a month. |
| fixed expenses | Are expenses that are the same from week to week or month to month |
| variable expenses | Change from week to week or month to month |
| income | Money you earn for working, or receive from investment or other sources is called |
| savings | The difference between your income and your total expenses is your |
