Budget Vocab by Lemarr Rickman

Budget

27rickmanl — 2024-09-26 12:51:01 UTC

Every single time I Door dash food I have a budget.

Discretionary Income

27rickmanl — 2024-09-27 12:38:29 UTC

I had so much money left over after this party because of my Discretionary Income.

Recurring Expenses

27rickmanl — 2024-09-27 12:41:53 UTC

I pay bills each month and because it's one of my Recurring Expenses.

Fixed Expenses

27rickmanl — 2024-09-27 12:43:49 UTC

I used all my fixed expenses to fix my house

Variable Expenses

27rickmanl — 2024-09-27 12:45:17 UTC

I get groceries all the time that's called Variable Expenses.

Budget Surplus

27rickmanl — 2024-09-27 12:48:00 UTC

Budget Surplus should have a limit on expenses so people don't spend to much money.

Budget Deficit

27rickmanl — 2024-09-27 12:48:54 UTC

You have to have a budget or your money is gonna go down the drain.

Liquidity

27rickmanl — 2024-09-27 12:52:29 UTC

If you lose your value then there's nothing you can do because ur money Is gone.

FDIC

27rickmanl — 2024-09-27 12:55:33 UTC

FDIC is good to use in banks and services.

Credit Union

27rickmanl — 2024-09-27 13:01:49 UTC

My family uses Credit Union I'm positive and it works great.

Checking Account

27rickmanl — 2024-09-27 13:04:22 UTC

Checking Account's are for checking and saving money and you can check it everyday or week.

ATM

27rickmanl — 2024-09-27 13:05:23 UTC

I use ATM's all the time and I be getting money all the time.

Debit Card

27rickmanl — 2024-09-27 13:06:20 UTC

I have a debit card at home and I can get sent money to get stuff I need.

Savings Account

27rickmanl — 2024-09-27 13:07:14 UTC

This an account for you to save money.

Money Market Deposit Account

27rickmanl — 2024-09-27 13:08:12 UTC

If you use this you have a limited time spending money.

APY (Annual Percentage Yield)

27rickmanl — 2024-09-27 13:10:17 UTC

Im totally interested in money so maybe I would check this out.

Nominal Interest Rate

27rickmanl — 2024-09-27 13:12:42 UTC

This looks like a math problem to me but I think this is used for money.

Real Interest Rate

27rickmanl — 2024-09-27 13:13:39 UTC

I borrow money from my mom and sometimes my friends all the time but I pay the back.

Fee Schedule

27rickmanl — 2024-09-27 13:14:36 UTC

The fees add up and if you don't pay them then you'll go bankrupt.

Signature Card

27rickmanl — 2024-09-27 13:15:51 UTC

I don't have a signature card but I do have an I.D

Emergency Fund

27rickmanl — 2024-09-27 13:17:15 UTC

This includes money for emergencies so maybe like an emergency vacation.

Bank Statement

27rickmanl — 2024-09-27 13:18:01 UTC

My mom makes bank statements all the time and they give her more money for it.

27rickmanl — 2024-09-30 18:08:39 UTC

You need to enter your PIN to access your bank account at the ATM.

Overdraft/Overdrafting

27rickmanl — 2024-09-30 18:10:39 UTC

She was surprised to find a fee for overdrafting her checking account.

Nonsufficient Funds Fee

27rickmanl — 2024-09-30 18:11:34 UTC

He was charged a nonsufficient funds fee when his check bounced.

Fraud

27rickmanl — 2024-09-30 18:13:29 UTC

The company was investigated for fraud after customers reported unusual charges.

FTC

27rickmanl — 2024-09-30 18:15:55 UTC

The FTC provides resources to help consumers protect themselves from scams.

Identity Theft

27rickmanl — 2024-09-30 18:17:05 UTC

She took steps to safeguard her personal information to prevent identity theft.