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8 Cards in this Set
- Front
- Back
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disposable income
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the money you have left to spend or save after taxes have been paid.
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finanacial plan
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a set of goals for spending, saving, and investing the money you earn.
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budget
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a spending and saving plan based on your expected income and expenses.
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fixed expenses
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costs you are obligated to pay at a specific time, regardless of other events.
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variable expenses
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costs that vary in amount and type, depending on events and the choices you make.
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assets
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a list of itemss of value that a person owns.
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liabilities
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debts, amounts of money owed to others.
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net worth
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the difference between the two. Difference between liability and assets.
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