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25 Cards in this Set
- Front
- Back
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assets |
money and items of value that you own |
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benchmarks |
standards against which progress is measured |
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budget |
a spending and saving plan based on expected income and expenses |
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cash inflows |
income from your job, investments, or other sources |
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cash outflows |
expenses or items for which you must spend money |
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charitable giving |
act of donating money/time to a cause you believe in |
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electronic records |
soft-copy formats of your financial info stored in your computer |
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encryption |
process of converting data to a coded form |
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financial goals |
plans for how you will pay for your personal goals |
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financial plan |
a plan listing personal/financial goals along with steps and timeline |
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financial planner |
professional consultant who provides financial advice for money |
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financial resources |
money or other items of value that are used to get goods/services |
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fixed expenses |
costs that do not change each month |
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identity theft |
use of your personal info by someone else to commit fraud |
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liabilities |
debts that you owe |
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needs |
things needed for survival |
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net worth |
the difference between your assets and liabilities |
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opportunity cost |
the value of your next best option; what are you giving up |
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personal goals |
things you want to achieve in life |
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phishing |
a scam in which an email from someone posing as a legitimate business requests personal information |
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timeline |
visual display of how long it will take to achieve each phase of a plan |
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trade off |
giving up one option in exchange for another |
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variable expenses |
costs that can go up and down each month |
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variances |
differences between planned amounts and actual amounts |
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wants |
things people desire for reason beyond survival and basic comfort |
