Money glossary · For salaried India

Money words, made plain

Short, honest definitions of the budgeting, credit, investing and tax terms on your payslip, bank statement and loan papers — written for how money works in India.

2 terms

B

Budgeting

Budget

A budget is a plan for your money that sets how much of your income you will spend, save and repay over a fixed period, usually a month.

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Z

Budgeting

Zero-Based Budgeting

Zero-based budgeting is a method where you assign every rupee of your monthly income to spending, savings or debt repayment until income minus all allocations equals zero.

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