CFM Budgeting Unit Final Exam Review

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1.
something desired that can be eliminated when money is tight
2.
the type of pay that you base your budget off of
3.
expenses that occur semi-regularly and vary in amount
4.
a type of budget where every dollar is assigned to a category
5.
an amount paid at the beginning of a lease in order to cover any damage or unpaid rent
6.
typically 10-20% of the cost of a home paid upfront in order to show your dedication to paying your mortgage
7.
how a car spends the majority of its time
8.
someone who works for himself/herself, does work for several people and often uses his or her own resources
9.
earned amounts that are hard to budget for because they can vary month to month
10.
when expenses are greater than income, you have a budget _______
11.
a labor market where people have several short-term jobs rather than a long-term commitment to one job
12.
a plan for your expected income and how you will use it
13.
The cost for one item that allows it to be easily compared to other similar products