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
Dispoable 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 specfic times, reguardless of other events.
|
|
Variable Expenses
|
Are coststhat vary in amount and type, depending on events and the choices you make.
|
|
Assets
|
Is a list of items value that a person owns.
|
|
Liabilities
|
Amounts of money owed to others.
|
|
Net Worth
|
If you assets are greater than your liabilities.
|