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Managing Your Money

Understanding basic money management.

AB
paychecka check for the money earned on a job
gross paythe total amount of money an employee earns
deductionmoney taken out of the paycheck for taxes, insurance, social security or other reasons
net paythe amount of money an employee receives after deductions are taken out
tellera bank employee
expensespayments you must make such as rent
budgeta plan for spending money
incomemoney earned
retirementthe years after a person stops working and earning income
Social Securitymoney a retired worker receives from the US Government


Debby Mulvihill

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