term1 Definition1term2 Definition2term3 Definition3
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Asset
anything of value that is owned
Budget
a list of planned expenses and revenues
Financial plan
an orderly program for spending and saving and investing the money you earn to achieve desired goals
Fixed Expensives
expenses that remain the same from period to period
income
money coming in through wages earned, allowance, or other sources
Liability
anything that is owned (debt)
Net Worth
assets minus liabilities
Revenue
income received from normal business activities
spending plan
a plan fro spending and saving money based on a person;s goals during a given time
variable expensives
expenses that change from one period to the next
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