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M.4.1.3 Vocabulary
Term | Definition |
---|---|
Fixed Expenses | expenses that are a set amount consistent from month to month |
Variable Expenses | expenses that vary in cost from month to month |
Saving | to put aside money from current income to buy something in the future |
Spending | trading money for goods or services |
Interest | money you pay when you borrow money, or money you receive for having a savings account |
Sum | the result to adding numbers or quantities together; the answer to an addition problem |
Difference | the amount left over when one number is subtracted from another; the answer to a subtraction problem |
Expanded Form | a number written as the sum of the value of its digits |
Place Value | the value a digit has based on its position in a number |
Round | to approximate the value of a number using a particular place value |