Use the words listed below to fill in the blanks. Each word is used once. expenditure surplus
month deficit
deficit budget borrow
subtotals total discretionary opening income
net
Moira is preparing a
First she estimates total
for her household for the first three months of the year.
for each month. Next she estimates fixed, irregular and
expenditure for each month and calculates
for each type
expenditure for
of expenditure. By adding the three subtotals she estimates
each month.
Moira then calculates the
cash for each month by subtracting total
from total income. She adds
cash (which is the money
available at the start of each month) to net cash to find the closing cash for each
If income is greater than expenditure, Moira will have a budget
On the other
hand, if income is less than expenditure, she will have a budget
If this occurs,
she can either increase her income, reduce her expenditure or
some money.