Budget
A plan for how you'll spend and save the money you expect to get.
In the news
How “budget” came up in recent issues.
- Oct 27Why a Switch 2 now costs $50 more than it did in August
“A bigger weekly amount gets you there faster, but only if your budget has room for it.”
Practice it
Learn the bigger idea
Related words
- Opportunity cost
- What you give up when you choose one thing over another.
- Cost per month
- The price of something divided by the number of months you use it. It shows the real cost of a big purchase.
- Cost per use
- The price of something divided by the number of times you use it. A cheap item you rarely use can cost more per use than a pricey one you use daily.
- Unit price
- The price of one unit of something, like one can or one ounce. It lets you compare different package sizes.
- Emergency fund
- Money set aside only for surprises, like a car repair or a lost job. A common goal is three to six months of expenses, built up over time.
- Net worth
- Everything you own minus everything you owe.
Test yourself in Word sprint · All money words
Tomorrow’s bell-ringer in your inbox before first period: slides, a quiz and a worksheet. Free.