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10 Cards in this Set

  • Front
  • Back
Assets
Items of value that one owns, including saved money
Average Annual Expenditures
Yearly averages of how consumers spend their money
Balance Sheet
A statement of assets, liabilities, and resulting net worth
Budget
A spending and saving plan based on an estimate of income and expenses
Emergency Fund
Money put aside ot help meet unexpected needs
Fixed Expenses
Cost of items that one has already promised to pay on certain dates and in certain amounts
Liabilities
Debts owned by and individual or family
Net Worth
The difference between assets and liabilities
Net Income
The amount of your earnings left after all dedutions have been made
Flexible Expenses
Cost of items that vary in amount and usually in ferquency