Presupuesto familiar
Definition
A family budget is a plan that outlines how income will be allocated among various expenses and savings goals within a household.
Analogy
A family budget is like creating a shopping list before going grocery shopping. It helps you prioritize what you need, avoid overspending, and make sure there's enough money left for other important things.
Related terms
Ingresos: Incomes refer to the money received by an individual or household from sources such as salaries, investments, or government assistance.
Gastos fijos: Fixed expenses are regular payments that remain constant each month, such as rent or mortgage payments.
Ahorro: Savings represent the portion of income that is set aside for future needs or emergencies rather than being spent immediately.
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