What is extra money in a budget called?

What is extra money in a budget called?

The excess of total expenditure over total non-borrowed receipts is called the fiscal deficit. Primary deficit: The revenue expenditure includes interest payments on government’s earlier borrowings. The Budget document also mentions deficit as a percentage of GDP.

What do you call money you can spend?

Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.

What is the financial situation that occurs when you spend more money than you receive?

deficit. the financial situation that occurs when more money is spent than is earned or received. budget. a plan for using money to meet wants and needs. consumer price index (CPI)

What do you call a plan for spending and saving?

Budget–An organized plan for saving and spending based on your expected income and expenses.

What is the meaning of extra money?

2 adj If something is extra, you have to pay more money for it in addition to what you are already paying for something.

What is excess money?

Excess cash flow is cash received or generated by a company that triggers a repayment to a lender, as stipulated in their bond debenture or credit agreement. Lenders impose restrictions on how excess cash can be spent in an effort to maintain control of the company’s debt repayments.

What is another word for things you spend your money on?

What is another word for spend money?

lay out	spend
pay	expend
give	disburse
splurge	outlay
drop	lavish

How do you say spend a lot of money?

spend a lot of money synonym | English Thesaurus

1. disburse, expend, fork out (slang) lay out, pay out, shell out (informal) splash out (Brit.
2. blow (slang) consume, deplete, dispense, dissipate, drain, empty, exhaust, fritter away, run through, squander, use up, waste.

What do you do when you spend too much money?

Follow these simple tips to curb your spending.

1. Set Savings Goals. It’s always good to make a plan.
2. Plan Your Budget. Keep track of what you are spending, and log daily entries into a budget spreadsheet.
3. Balance Before You Spend.
4. Wait Three Days.
5. Eat Your Food.
6. Pack Your Lunch.
7. Shop With a List.
8. Cancel Catalogs and Emails.

What is a personal financial statement example?

For example, if you have a house and a car with a value of $100,000, and you have a mortgage and car loan for $75,000, your net worth is $25,000. Net worth for an individual is similar to owner’s equity for a business. Therefore, a personal financial statement is similar to a business’s balance sheet.

What is money in personal finance?

Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning.

What is a spending and saving plan?

A spending plan is a plan for spending and saving money. In other words, a comparison of what you earn (income) and where the money goes (savings and household expenses).

Which is an example of a financial goal?

For example, say your goal is to pay off a colossal credit card bill. You might cut back on takeout dinners and use the money you save to make extra payments instead. Without establishing that goal, you’re more likely to continue spending as usual while your debt piles up.

What should be your long term financial goals?

Your long term financial goals are goals that have a time frame of more than 10 years. These might include such things as the following: To meet your long-term goals, you will need to create a personal plan. Your financial plan for your long-term goals should include estate planning and retirement planning.

What’s the best thing to do for personal finance?

No matter what stage you’re in, here are 15 personal finance goals to consider. Perhaps one of the best things you can do for yourself financially is to educate yourself about money. Gaining knowledge is the best decision you can make.

Is it possible to achieve a financial goal?

Achieving financial goals takes a little more than just luck. It requires extreme discipline, dedication, and repeated sacrifice. It means setting short- and long-term financial goals and then following through on them. Unfortunately, these are things with which the majority of Americans seem to struggle.