Term
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Definition
| Costs in a budget that you are obligated to pay at specific times, regardless of other events that don't change short term |
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Term
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Definition
| Costs in a budget that vary in amount and type, depending on events and the choices you make that could change monthly |
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Term
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Definition
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Term
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Definition
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Term
| Order you Fill out a budget in |
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Definition
1) Income
2) Savings
3) Fixed Expenses
4) Variable Expenses |
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Term
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Definition
| Items of value on a net worth statement |
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Term
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Definition
| Debt or money owed to others on a net worth statement |
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Term
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Definition
| Net Worth=assets-liabilities |
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Term
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Definition
| More assets than liabilities |
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Term
| Personal Property Inventory |
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Definition
| Form where you list all the valuable items you own |
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Term
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Definition
| The form your employer send to you telling you what you earned in a calender year and what was taken out in taxes |
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Term
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Definition
| Your disposable income or the amount of your paycheck |
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Term
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Definition
| A legally enforceable agreement between two or more people to do or not to do something |
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Term
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Definition
| A guarantee about a product's qualities or performance by the seller or manufacturer to the buyer |
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Term
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Definition
| An examination of your tax records by the IRS |
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Term
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Definition
| An organized plan whereby you match your expected income to your expenses |
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Term
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Definition
| An orderly program for spending, saving, and investing the money you earn |
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