A plan that outlines expected income and expenses over a specific period, helping to manage finances.

Costs incurred for goods and services, categorized as fixed or variable in a budget.

Money received from various sources, such as salaries, investments, or side jobs.

Funds set aside for future use, often kept in a savings account or investment.

Specific objectives related to money management, such as saving for a vacation or retirement.

Software or apps designed to help individuals create and manage budgets effectively.

The process of monitoring all sources of income to understand financial inflow.

Trends in how money is spent, which can inform budgeting decisions.

A framework for setting goals: Specific, Measurable, Achievable, Relevant, Time-bound.

The net amount of cash being transferred in and out of a budget over a period.

Costs that can fluctuate, such as entertainment or dining out, affecting budget flexibility.

Regular, unchanging costs like rent or mortgage payments that are predictable.

A visual tool for organizing thoughts and ideas, useful for understanding financial concepts.

A collage of images and words representing personal financial goals and aspirations.

A strategy outlining how much money to save and for what purpose, promoting financial stability.

Modifying a budget to accommodate changes in income or expenses for better financial management.

Strategies for handling and repaying borrowed money to maintain financial health.

Savings set aside for unexpected expenses, providing financial security.

The ability to understand and effectively use various financial skills, including budgeting.

A document or tool used to record and monitor daily spending.

Using online tools and apps to create and manage personal budgets.

The process of evaluating options and making informed choices about money.

Regularly assessing a budget's effectiveness and making necessary adjustments.

Techniques for effectively accumulating savings, such as automatic transfers.

A state where an individual can manage expenses and save for future needs without stress.