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;
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.
|