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26 Cards in this Set
- Front
- Back
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money management |
day to day financial activities necessary to get the most for your money |
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safe-deposit box |
Small storage container that you can rent from a bank |
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personal financial statement |
Gives information about your current financial position |
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personal balance sheet |
personal sheet that shows what you own and what you owe |
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net worth |
The difference between the amount you own and the amount of your debt |
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assets |
Items of value that you own |
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wealth |
property that has money value or exchangeable value |
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liquid assets |
cash and items that can be quickly converted to cash |
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real estate |
Land or any structures you own |
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resolve |
To fix something |
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secure |
somthing thats safe |
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evaluate |
to choose something |
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foundation |
Principle of somthing |
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encounter |
Unexpected meeting with someone |
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cultivate |
Well educated about something |
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market value |
Price that property would sell |
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laibilities |
debts that you owe |
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insolvency |
inability to pay debts when they are due |
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cash flow |
movement of cash in and our of your wallet |
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income |
cash that you receive |
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take home pay |
net pay amount after taxes |
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discretionary income |
money left over after you have paid your assentails |
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surplus |
extra money you have to sped or save |
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deficit |
means you have spend more than you received |
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budget |
a plan for spending |
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budget variance |
the total amount of expenses or revune |
