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
- Subscription AuditA periodic review of your recurring subscriptions to cancel the ones you no longer use or value.
- Fixed ExpensesCosts that stay roughly the same amount each month, like rent, insurance premiums, or a loan payment, making them easy to plan around.
- AutopaySetting up bills to be paid automatically from your account on their due dates so you avoid late fees and missed payments.
- Annual ExpensesCosts that come due once a year, like insurance renewals or property taxes, that are easy to forget when budgeting monthly.
- Cash FlowThe movement of money into and out of your accounts over time, showing whether more comes in than goes out.
- Spending PlanA forward-looking plan for where each dollar of income will go before you spend it, covering bills, saving, and everyday costs.
More in Budgeting & Cash Flow
Plain-English education — not personalized legal, tax, or investment advice.