Creating a Budget . Budgeting Vocabulary. Budget – a plan based on itemized estimates of expected income and expenses for a given period of time Income – monetary payment received for goods, services, or from other sources Expenses – costs or charges for items or services acquired.
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Costs may vary
Easier to reduce or negotiate price
Easier to cut from budget
Determine all your sources of income and estimated dollar amounts for each
Estimate all your required expenditures in each category and estimated dollar amounts for each
Health, Wellness, & Personal Care
Travel and Transportation
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