Budgets
The ideas, beliefs, and attitudes about what is important that help guide the way you live.
What is Value?
The total value of money and other assets, minus outstanding debts
What is Wealth?
The process by which the depositor attempts to reconcile the bank statement balance with the checkbook balance.
What is Bank Statement Reconciliation?
Five hundred dollars in readily available cash to be used only in the event of an emergency.
What is Emergency Fund?
Economic activity concerned with the processing of raw materials and manufacture of goods in factories.
What is Industry?
Things that are required in order to live.
What are needs?
A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero
What is Zero Based Budget?
An automatic deposit of a paycheck without having to take a physical check to the bank.
What is Direct Deposit?
Something, typically money, that is owed or due.
What is Debt?
The state of trade at a particular time and context.
What is Market?
Things that add comfort and pleasure to your life.
What are wants?
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
What is Debit Card?
Setting aside money for future use.
What is Savings?
A general, sustained upward movement of prices for goods and services in an economy. Economists say inflation occurs when “too much money is chasing too few goods.
What is Inflation?
The 5 Characteristics of Money are:
What is divisible, portable, durable, recognizable and scarce?
People in an organization's buying center who affect the buying decision; they often help define specifications and also provide information for evaluating alternatives.
What are Influencers?
Type of card issued by a bank that allows users to finance a purchase.
What is a Credit Card?
Things you want to accomplish.
What is Goal?
A current medium of exchange in the form of coins and banknotes.
What is Money?
What commodity was accepted as currency years ago?
What are Beads?
An estimate of income and expenditure for a set period of time.
What is a Budget?
Allows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the world with Internet access.
What is Online Banking?
An arrangement to receive cash, goods, or services now and pay for them in the future.
What is Credit?
The action of helping doing work for someone.
What is Services?
For the barter system to work, someone has to have what you want and want what you have.
What is Double coincidence of wants?