A | B |
Budget | An itemized summary of probable expenditures and income for a given period. |
Deficit | The amount by which expenditures exceed income. |
Expenditure | An amount of money spent. |
Fixed expense | An unchanging expenditure. |
Flexible expense | An expenditure that varies. |
Income | Money received from work. |
Savings | Money that is not spent. |
Surplus | An amount of money remaining after all expenses have been met. |
Take-home pay | Money received after all adjustments and deductions have been made. |
Unexpected expense | An unforeseen cost. |