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Budget Vocabulary
Budget Vocabulary
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Vocabulary words pertaining to budget chapter.
Flashcards
10 cards
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Questions
10
Answers
1
an account to set aside funds in case of a dilemma, like a job loss, illness or a major expense
Need
Emergency Fund
Savings Account
Checking Account
2
property owned by a person; having value & available to meet debts, commitments, or legacies
Land
Liabilities
Assets
Wants
3
have a desire to possess or do (something); wish for
hope
want
need
dream
4
the cost required for something; the money spent on something
Needs
Emergency spending
Budgeting
Expenses
5
a thing for which someone is responsible, especially a debt or financial obligation
Necessity
Debt
Credit Card
Liability
6
an estimate of income and expenditure for a set period of time
savings
budget
income
net worth
7
Assets - Liabilities
Self Worth
Assets
Net Worth
Liabilities
8
require (something) because it is essential or very important.
Need
Emergency
Expense
Want
9
a visual image such as a chart or diagram used to represent information or data.
Excel chart
Diagram
Pie chart
Info graphic
10
a postulated sequence or development of events
Scenario
Story plot
Play scene
Main character