Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
Disposable income
|
Is the money you have left to spend or save after taxes have been paid.
|
|
Financial Plan
|
Is a set of goals for spending, saving, and investing the money you earn.
|
|
Budget
|
Is a spending and saving plan based on your expected income and expenses.
|
|
Fixed Expenses
|
Are costs you are obligated to pay at specific times, regardless of other events.
|
|
Variable Expenses
|
Are costs that vary in amount and type, depending on events and the choices you make.
|
|
Assets
|
Amounts of money owed to others
|
|
Liabilities
|
Or debts
|
|
Net Worth
|
The difference between assets and liabilities.
|