Study your flashcards anywhere!

Download the official Cram app for free >

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

How to study your flashcards.

Right/Left arrow keys: Navigate between flashcards.right arrow keyleft arrow key

Up/Down arrow keys: Flip the card between the front and back.down keyup key

H key: Show hint (3rd side).h key

A key: Read text to speech.a key


Play button


Play button




Click to flip

10 Cards in this Set

  • Front
  • Back
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
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
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