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Term

Zero-Based Budget
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Fixed Expenses
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Budget

Buisness

TermDefinition
Zero-Based Budget a method that has you allocate all of your money to expenses for needs and wants, as well as short- and long-term savings and debt payments.
Fixed Expenses It’s an expense that always costs the same like your mortgage.
Variable Expenses An expense that isn’t the same every time like groceries.
Income Money received on a regular basis
Need Requiring something because it’s important
Want Having a desire to possess or do something
Disposable Income Your income you have leftover after paying taxes and other mandatory charges
Financial Plan A document that contains a person’s short and long term financial goal
Assets A useful or valuable thing to a person
Liabilities The state of being responsible for something
Net Worth Your Net Worth is the value of all your assests
Capital The assets and cash in a business or a person
Surplus More than what you need
Budget An esitmaste of income and expenditure
Created by: cjc21
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