Definitions
Storing Financial Records
Personal Financial Statements
Budgeting
Random
100
Planning how to get the most from your money.
What is money management.
100
Current and past budgets are stored where?
What is a Home Computer
100
Short term debts have to be paid within one year.
What is Current Liabilities.
100
a plan for using money to meet wants and needs is called what?
What is a budget?
100
the amount of income left after taxes and other deductions are taken out of your gross pay.
What is take-home pay or net pay
200
a document that provides information about an individual's current financial position
What is a personal financial statement
200
Checking and Savings account numbers are stored where?
What is a safe-deposit box.
200
what is the money that goes into and out of your wallet and bank accounts
What is cash flow.
200
Budget for Fixed Expenses
What is the 4th step of preparing a budget?
200
1. Record your income. 2. Record your expenses. 3. Determine your net "......."
What is the steps to a cash flow statement
300
A document that lists items of value owned, debts owned, and a person's net worth
What is a personal balance sheet.
300
Estate planning and retirement records are stored where?
What is a Home File.
300
A financial situation that occurs when more money is spent than is earned or received.
What is a deficit.
300
The difference between the budgeted amount and the actual amount that you spend.
What is a budget variance.
300
Extra money that can be spent or saved.
What is a surplus
400
Any items of value that an individual or company owns, including cash, property, personal possessions, and investments
What is an asset
400
Valuable collectibles are stored where?
What is a Safe- Deposit Box.
400
A financial state that occurs if liabilities are greater than assets.
What is insolvency.
400
A measure of the changes in prices for commonly purchased good and services.
What is the consumer price index (CPI)
400
land and any structures that are on it such as a house or any other building that a person or family owns.
What is real estate.
500
The money left over after paying for the essentials, such as food, clothing, shelter, transportation, and medication.
What is discretionary income
500
A resume is stored where?
What is a Home Computer.
500
What is the price at which a property would sell.
What is the market value.
500
Set Your Financial Goals
What is Step 1 of Budgeting.
500
cars and any other valuable belongings that are not real estate
What is personal possessions.
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