A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- Cash Envelope SystemA budgeting method where you put cash into labeled envelopes for each spending category and stop once an envelope is empty.
- Conscious SpendingDeliberately directing money toward what you value most while cutting back guilt-free on things that matter less to you.
- Discretionary SpendingMoney spent on nonessential things you want but could go without, like dining out, hobbies, or entertainment.
- Spending PlanA forward-looking plan for where each dollar of income will go before you spend it, covering bills, saving, and everyday costs.
- Impulse PurchaseAn unplanned buy made on the spur of the moment, often driven by emotion rather than need, that can quietly derail a budget.
- Variable ExpensesCosts that change from month to month based on your choices or usage, such as groceries, gas, or electricity.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.