Pers. Fin. Part 5 - Budgeting
Terms in this set (6)
an estimate of income and expenses for a set period of time. (usually a month)
money that needs to be spent on something
a pie chart - visual representation of what percentage of your income will go to different expenses
guidelines put out by a consumer group that suggest what % of your income should be spent on various expenses.
Expenses that change in amount each month (ie. entertainment/food/clothing)
Expenses that are set and remain the same every month (ie. rent/car payment/mortgage)
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