Key terms
A personal plan of action regarding finances
What is a budget
A person or organization that uses a product or service
What is a consumer
The first step
what is "save 500"
You should spend ____ Than you make
What is Less
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The term for how cash moves
What is flow
A person or entity that charges borrowers interest rates above an established legal rate
What is a Loan shark
The second step
What is Get out of debt
A budget should be ________.
What is Personal
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What Is Subnautica
The amount of head knowledge required to be financially responsibly
what is 20%
the percentage of principal charged by the lender for use of its money
What is interest rate
The fourth step
What is buy car for cash
To use a budget you have to have _________
What is Discipline
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The amount of all your assets minus your liabilities
What is a Net worth
what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay
What is Net-Income
The fifth step
What is save and be extremely generous
A portion of the money you make the govt takes
what is taxes
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What is Left 4 Dead
The Name of the budgeting plan where you are left with zero un-allocated funds
What is a Zero based budget
the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively
What is Financial Literacy
The third step
pay cash for collage
what is 5
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