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10 Cards in this Set
- Front
- Back
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Budget
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An itemized summary of probable expenditures and income for a given period
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Deficit
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The amount by which expenditures exceed income
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Expenditure
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An amount of money spent
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Fixed expense
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An unchanging expenditure.
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Flexible expense
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An expenditure that varies
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Income
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Money received
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Savings
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Money that isn't spent
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Surplus
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An amount of money remaining after all expenses have been met.
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Take Home Pay
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Money received after all adjustments and deductions are made
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Unexpected expense
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An unforeseen cost
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