term1 Definition1term2 Definition2term3 Definition3
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Assets
Anything of value that is owned
Budget
A list of planned expenses and revenues
Financial Plan
An orderly program for spending, saving, and investing the money you earn to achieve desired goals.
Fixed Expenses
Expenses that remain the same from period to period.
Income
Money coming in through wages earned, allowance, or other resources.
Liabilities
Anything that is owed (debt)
Net Worth
Assets - liabilities
Revenue
Income received from normal business activities
Spending Plan
A plan for spending and saving money based on a person's goals during a given time.
Variable Expenses
Expenses that change from one period to the next.
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