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| Is the understanding of the basic knowledge and skills needed to manage financial resources. |
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| is a spending plan for the use of money over time based on goals and expected income. |
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| is any form of money you receive such as an allowance, a paycheck, and gains from an investment. |
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| is the cost of goods and services you buy. |
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| is a set cost that must be paid each budget period. |
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| is a cost that changes both in the amount of time it muast be paid. |
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| is the act of giving money, goods, or services for the good of others. |
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| is a summary of the amount of money received as well as the amount paid out for goods and services during a specific period. |
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| is a written record of your current financial situation. |
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| is the difference between what you own and what you owe. |
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| is a financial obligation that you currently owe or will owe in the future. |
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| refers to an aboundance of assets that are accumulated over time. |
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| refers to the stages a family passes through from formation to aging. |
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| refer to the statistical characteristics of the population. |
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| is a major problem that impacts the future of the family and its lifestyle. |
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Definition
| you will need these documents for a variety of financial and legal transactions and purposes. |
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