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is the money you have left over after paying for the essentials, such as food, clothing, utilities, insurance, and shelter.
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
Pay Yourself First - Whenever you receive money, you should immediately put a certain amount of it into some sort of savings account.
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
______is—a plan for spending money.An estimate (usually by category) of expected income and expenses for a given period of time.
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
________Expenses that stay the same each month._______ the regular bills that you must pay every week, month, or year. Credit card bills, phone and utility bills, rent, insurance
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
whatever must be given up to obtain some item
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
_______is the money you earn. Most people receive ____from working at a job; this is known as earned _______
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
Expenses that change from month to month, grocery bills, sick pet, a broken tooth, a flat tire, or a ruined pair of shoes—
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
When there is not enough income to pay all expenses.
Variable Expenses or Unanticipated
Budget
opportunity cost
Income
Fixed Expenses or Anticipated expenses
PYF
Deficit
Discretionary Income
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