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9 Cards in this Set

  • Front
  • Back
disposable income
the money you have left to spend or save after taxes have been paid .
financial plan
a set of goals for spending, saving, and investing the money you earn.
budget
a spending and saving plan based on your expected income and expenses.
fixed expenses
cost you are obligated to pay at specific times, regardless of other events.
variable expenses
costs that vary in amount and type, depending on events and the choices you make.
assets
a list of items of value that a person owns.
liabilities
amounts of money owed to others (debt)
net worth
tthe difference between assets and liabilities.
contract
a legally enforceable agreement between two or more parties.