Terms


 * __**Annual Fee**__
 * An amount that credit card companies can charge for the use of a credit card.
 * __**Budget**__
 * A spending plan for managing money during a given period of time.
 * __**Expense**__
 * An amount of money spent to buy something or do something.
 * __**Fixed Expenses**__
 * Expenses that cost the same amount every time
 * __**Income**__
 * Any money you receive
 * __**Job**__
 * An occupation that provides you with the basics--cash and something to do to earn it
 * __**Needs**__
 * Things we must have to survive; for example, food, clothing, water, shelter.
 * __**Net Income**__
 * Also called "take-home pay"; it's the amount of income left after payroll deductions.
 * Periodic or Occasional Expenses
 * Expenses that aren't paid every month and can be either fixed or variable.
 * Savings
 * An amount of money that is set aside to be used for a future purpose
 * Spending Plan
 * Another term for budget
 * Variable Expenses
 * Expenses that are not fixed
 * Wants
 * Things that make life more interesting and fun but that people can live without if they have to.