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Unit 8: Budgeting

Name: __________________________________

Period: _________________________________
Horizontales
A budgeting method where every anticipated earning is assigned a role to be spent, saved, or invested somewhere, so there's no "leftover" money with no purpose
A strategy where you save a specified amount of your paycheck before doing anything with the rest of your money
A plan of your expected income and how you will use it to meet your expected expenses over a period of time
A cost that can be expected at regular intervals and that remains the same amount
Verticales
A cost that appears irregularly or that changes in amount
When your expenses exceed your income
A budgeting method that allocates 50% to needs, 30% to wants, and 20% to savings and debt repayment
A budgeting method where money for monthly spending is taken out in case and placed in labeled envelopes according to budget categories. Spending occurs only from the corresponding envelopes
When your income exceeds your expenses and you have money left over