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10 Cards in this Set
- Front
- Back
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audit
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type of review where budget is checked for accuracy and to determine if it's helping goals
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budget
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plan for dividing income among spending and saving options
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budget worksheet
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planning document where you record expected and actual income and spending over a short time (normally month)
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fixed expenses
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amounts you're committed to spend
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flexible expenses
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amounts you can choose to spend or not
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luxury goods
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good that have special qualities that make them better than alternate goods
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life-span goals
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most important things you hope to achieve during your life
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uneven income
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income that isn't the same monthly
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short-term goals
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things you hope to achieve in less than a year
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compromise
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giving up something you want in order to receive more important things
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