15 Evefi money terms

Debit

A record that keeps track of money taken out of an account

Taxes

A required payment or charge collected by local, state, and national government from individuals

Budget

A spending plan on income and expenses

savings

An individual unspent earnings

Fixed expenses

Costs that typically remain the same price frequency

Variable expenses

Expenses that charge depending on how often you use a product or service

Salary

Money paid at regular times for work or services

Interest

Money paid regularly at a particular rate for the use of money lent or for delaying the repayment of debt

Income

Money received, especially on a regular basis for work or through investments

Consumer trends

Represent that needs desires, and beliefs that influence buying desisions

Opportunity cost

The loss of potential gain form other alternative when one alternative is chosen

Withdraw

To take money out of an account

Fees

a payment made to a professional person or to a professional or public body in exchange for advice or services

Deposit

a sum of money placed or kept in a bank account, usually to gain interest.

Credit

the creation of monetary value through the establishment of future claims, obligations, or debts