Krueger, Explorations in Economics 1e, Module 35
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Variable expenses
Expenses that can change frequently at your discretion.
Fixed expenses
Expenses that remain about the same from month to month.
Budget
A specific plan for how to spend your money.
Net income
The income that you are left with after paying taxes.
Annual percentage rate
The percentage of the borrowed amount that you would pay in interest if you had the loan for one year.
Gross income
The total amount of money you make.
