What is the setting aside of money called?

Saving – The process of setting income aside for future spending. Saving provides ready cash for emergencies and short-term goals, and funds for investing.

What is the money set aside for future needs known as?

savings. Money set aside for the future. ( aka deferred spending)

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’s a finance term?

Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, funds, and investments. Basically, finance represents the getting, the spending, and the management of money.

What is the meaning of the term fund?

A fund is a pool of money set aside for a specific purpose. The pool of money in a fund is often invested and professionally managed. Some common types of funds include pension funds, insurance funds, foundations, and endowments.

What do you call a plan for spending and saving?

A spending plan (also called a budget) is simply a plan you create to help you meet expenses and spend money the way you want to spend it. It can help you make sure you have money to pay bills on time, even when your bills and income change each month.

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 are the financial terms?

Here are 10 financial terms everyone should know

Compound interest. Compound interest is interest on the amount of money you have deposited or borrowed.
FICO score. Getty Images.
Net worth.
Asset allocation.
Capital gains.
Rebalancing.
Stock options.
Defined-contribution plans.

What is static budgeting?

A static budget is a type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins. However, when compared to the actual results that are received after the fact, the numbers from static budgets can be quite different from the actual results.

What are the terms used in banking?

Here are 10 banking terms you should know to manage your money better.

Routing number. A nine-digit number that identifies your financial institution.
FDIC. The Federal Deposit Insurance Corp.
Certificate of deposit.
APY.
APR.
Compound interest.
Savings account.
Returned item fee.

What is correct fund or funds?

The plural form of fund; more than one (kind of) fund. Funds is another word for money.

What is the setting aside of money called?