The name Bunyip is translated as âDevilâ or âSpiritâ and the beast has most commonly been described as some kind of lake monster said to dwell in things such as billabongs and swamps.
Unallocated money is also a convenient place to build up savings. Record your incomes as they come in, and take what you need each month. Over time you'll build up a cushion in your Unallocated that you can use to jump start your savings or pay down debt.
DEFINITION of 'Exempt Income'. Certain types or amounts of income not subject to federal income tax. Examples of exempt income include municipal bond income, which may also be exempt from state income taxes, a portion of retirement benefits, qualified Roth IRA distributions and academic scholarships. Also exempt are gifts of less than $10,000 and certain death benefits. Next Up.