Making a Statement
These are documents that provide information about an individual's current financial position and presents a summary of income and spending
Personal Financial Statements
These are items of value that an individual or company own, including cash, property, personal possessions, and investments
Assets
In regards to categorizing assets, cars are considered these
A Personal Asset
This is the difference between amount you own and the debts you owe
Net Worth
These are the tests that help you identify the activities you enjoy the most.
Interest Inventories
This is a financial statement that lists items of value owned, debts owed, and a person's net worth
Personal Balance Sheet
These are cash and items that can be quickly converted to cash
Liquid Assets
These are the debts that you owe.
Liabilities
This is calculated by dividing liabilities by net worth
Debt Ratio
This is a way of making and using contacts to get job information and advice.
Networking
This is a plan for using money to meet wants and needs
A Budget
This is wealth such as a house or any other building that a person owns
Real Estate
This is the money left left over paying for essential expenses
Discretionary income
This is calculated by dividing liquid assets by monthly expenses
Liquidity Ratio
This is a one or two page summary of your education, training, experience and qualifications.
A resume
This is the process of arranging to spend, save, and invest money in order to live comfortably.
Making a Personal Financial Plan
In financial terms, this is an abundance of valuable material possessions or resources
Wealth
This is the difference between the budgeted amount and the actual amount you spend
Budget Variance
This is calculated by dividing monthly credit payments by take home pay
Debt Payments Ratios
This is an experienced employee who serves as a teacher and counselor for a less-experienced person.
A mentor
In regards to making a budget, this is considered the starting point.
Setting Up Your Financial Goals
This is the amount of income left after taxes and other deductions taken out of gross pay
Take home pay
This is also known as a positive cash flow.
A surplus
This is the amount saved each month divided by gross monthly income
Savings Ratio
These are the beliefs and principles you consider important, correct, and desirable.
Values