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12 Cards in this Set
- Front
- Back
disposable income
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the money you have left to spend or save after taxes have been paid.
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finacial plan
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a set of goals for spendng, saving, and investing the money you earn.
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budget
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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 specific times, 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 he choices you make.
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assets
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a list of items of value that a person owns.
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liabilities
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amounts of money owed to others.
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net worth
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the difference between the two.
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contract
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a legal enforcable agreement between the two or more parties.
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consideration
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anything of value exchanged as part of a contract.
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negotiable instrument
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an unconditionable written promise to pay a specified sum of money upon demand of the holder.
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co-signer
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a person who promises to pay the note if the maker fails to pay.
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