Money taken from your gross income, for example, tax and National Insurance.

An agreement where money is automatically taken from your account on a regular basis by a service provider towards costs such as phone or electricity bills.

Money taken out of your bank account, for example when you use your debit card or pay a bill via direct debit or standing order.

Money you owe, for example spending on a credit card or a loan you have taken out with a bank.

The difference between income and expenses, when expenses are greater than income.