Appreciating +
Depreciating
Depreciating
An increase in value of an asset.
What is appreciation?
The measure of money coming in and money going out over a period of time.
What is cash flow?
A payment method used to electronically deposit your paycheck into your bank account.
What is a direct deposit?
Relatively rare items that people collect in hopes that they will increase in value.
What are collectibles?
Expenses that are a constant and require payment around the same time each month.
A tool for managing money to achieve short and long term financial goals; includes a list of all types of income and expenses over the course of a time period, usually a month.
What is a budget?
The total value of a person's financial assets minus their obligations
What is net worth?
Anticipated expenses that are expected, but may vary in amount each month, such as utility bills.
What are variable costs?
Having money to buy things that require money above what is normally allowed by a budget.
What is a short-term financial goal?
The subcategories of assets. (Two answers)
What are appreciating and depreciating assets?
___ is received in different amounts at different times.
What is Unanticipated Income?
Major purchases that require extensive saving.
What is a long-term financial goal?
___ are items with special qualities that make them more expensive than alternative products
What are Luxury Goods?
Spending for goods and services beyond the essentials like food, shelter, and clothing.
What is discretionary spending?
The idea that you should remove money for saving purposes as soon as you receive any income.
What is "Pay Yourself First"?