A
B
C
D
E
100
any items of value that an individual or company owns, including cash, property, personal possessions and investments
What is assets
100
a plan for using money to meet wants and needs
What is a budget?
100
cash and items that can be quickly converted to cash
What is liquid assets?
100
also called net worth statement; a financial statement that lists items of value owned, debts owed, and a person's net worth
What is a personal balance sheet?
100
the money you recieve
What is income?
200
the money that actually goes into and out of you wallet and bank accounts
What is cash flow?
200
the price at which property would sell
What is market value?
200
the difference between the amount you own and the debts that you owe
What is net worth?
200
planning how to get the most from your money
What is money management?
200
the debts that you owe
What is liabilities?
300
the financial state that occurs when more money is spent than is earned or recieved
What is deficit?
300
the money left over after paying for the essentials- food, shelter, clothing, transportation, and medication.
What is discretionary income?
300
a document that provides information about and individual's current financial situation and presents a summary of income and spending
What is personal financial statement?
300
land and any structures that are on it that a person or family owns
What is real estate?
300
extra money that can be spent or saved, depending on a person's financial goals and values
What is surplus?
400
a financial state that occurs if liabilities are greater than assets
What is insolvency?
400
the amount of income left after taxes and other deductions are taken out of your gross pay
What is take-home pay?
400
a small, secure storage compartment that you can rent in a bank, usually for $100 a year or less
What is a safe deposit box?
400
Medical expenses are an example of this kind of expense.
What is variable expenses?
400
the condition that occurs when a person's liabilities are greater than their assets
What is insolvency?
500
the amount of income left after taxes and other deductions are taken out of your paycheck
What is net pay?
500
when you spend less than you earn,so your budget shows this.
What is surplus?
500
valuable collections, birth certificates, and mortgage papers are best kept in this secure location
What is a safe-deposit box?
500
the amount of income left after taxes and other deductionsare taken out of your paycheck is called this
What is take-home pay or net pay?
500
the difference between your assets and liabilities is called this
What is net worth?
M
e
n
u