My exquisite padlet by Micah Griddine

Budget

micgri0050 — 2023-10-26 14:18:05 UTC

an estimate of income and expenditure for a set period of time.

50-30-20 Budget

micgri0050 — 2023-10-26 14:18:15 UTC

divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings.

Cash Envelope Budget

micgri0050 — 2023-10-26 14:18:23 UTC

split up your money according to how much you want to spend in each category—and then only let yourself spend until the cash in each envelope is gone.

Cost of Living

micgri0050 — 2023-10-26 14:18:31 UTC

the level of prices relating to a range of everyday items.

Deduction

micgri0050 — 2023-10-26 14:18:38 UTC

the action of deducting or subtracting something.

Deficit

micgri0050 — 2023-10-26 14:18:45 UTC

the amount by which something, especially a sum of money, is too small.

Down Payment

micgri0050 — 2023-10-26 14:18:52 UTC

a sum a buyer pays upfront when purchasing an expensive good such as a home or car.

Expense

micgri0050 — 2023-10-26 14:19:00 UTC

the cost required for something; the money spent on something.

Fixed Expense

micgri0050 — 2023-10-26 14:19:09 UTC

They tend to be recurring, such as interest or rents being paid per month.

Gross Pay

micgri0050 — 2023-10-26 14:19:16 UTC

what employees earn before taxes, benefits and other payroll deductions are withheld from their wages.

Net Pay

micgri0050 — 2023-10-26 14:19:23 UTC

an employee's earnings total after all deductions are subtracted from their gross pay.

Variable Expense

micgri0050 — 2023-10-26 14:20:23 UTC

Variable costs are costs that change as the quantity of the good or service that a business produces changes.

Wage

micgri0050 — 2023-10-26 14:20:31 UTC

a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.

Zero Based Budget

micgri0050 — 2023-10-26 14:20:40 UTC

when your income minus your expenses equals zero.