lesson 1
a budget is a ___ for your money
plan
two measures of wealth
income and net worth
Your budget gives you ___ to spend
freedom
you're net worth is what you ___ minus what you owe
own
money ___ in two ways: in and out
flows
a negative net worth is when you ___ more than you own
give
money flows out through giving, saving, and ___
spending
you want a high income, but it is more ___ to have a high net worth
impossible
95% of people agree that budgeting is ___
important
what can help with income and net worth
saving and interest