"C" Your Money
The total amount of money being transferred into and out of a business or household
Cash Flow
The cost required for something; the money spent on something
Expense
A tax on sales
Sales Tax
Have a desire to possess or do (something) or wish for
Wants
Money received, especially on a regular basis, for work or through investments
Income
A person who purchases goods and services for personal use
Consumer
A general increase in prices and fall in the value of money
Inflation
A governmental tax on properties
Property Tax
Estimate of income and expenditure for a set period of time
Budget
Salaries minus withholdings for payroll taxes and other items such as insurance
Net Pay
The process of comparing the price of different products or services
Cost Comparison
The reduction in the value of an asset over time
Depriciation
Federal health insurance program for people who are over 65
Medicare
The financial ability to buy products and services
Purchasing Power
An individual's income after taking taxes and deductions into account
Net Income
Financially sound enough to justify the extension of credit
Credit Worthy
The loss or potential gain from making one choice over another Ex. I can take a trip to Florida or I can stay home and go shopping
Opportunity Cost
Federal insurance program that provides benefits to RETIRED people
Social Security
A requirement, something necessary, a duty or obligation
Needs
A person who is employed to provide financial services or guidance to clients
Financial Advisor
A comparative analysis of all the benefits you anticipate from making a purchase and the costs resulting from it.
Cost Benefit Analysis
An expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
Fixed Expense
Governmental tax on your personal income
Income Tax
A person who relies on another, especially for financial support (usually a family member)
Dependent
An individual's total pay before accounting for taxes or other deductions
Gross Income