Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
3 Ways to Keep Financial Documents Organized |
Safe-Deposit Box, Filing Cabinet, and your Home Computer |
|
Examples of items you may keep in a safe-deposit box |
Pay stubs, bank statements, birth certificates, marriage license |
|
Personal Finance Statements |
Provides info about your current financial position and presents a summary of income and spending Determines what you owe and own Measures progress Tracks financial activity Organizes info required to follow your tax return |
|
Personal Balance Sheet |
Net Worth Statement Difference- What you owe-what you own Assets Liabilities Net-worth Financial Situation |
|
Define: Assets, Liquid Assets, Wealth |
Assets-Items you own Liquid Assets-Items that can be quickly converted into cash Wealth-property that has a money value or exchange value (Savings Account, Real Estate, Market Value) |