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| Day-to-day financial activities associated with using limited income to satisfy unlimited needs and wants. |
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| The money you recieve from work that you do and from the money you invest. |
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| Income you spend to buy things you want for pleasure, satisfaction, and comfort. |
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| A type of financial statement, reports what a person or family owns as well as owes. |
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| Are amounts owed to others. |
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| Or net worth, is the difference between a person's or family's assets and liabilities. |
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| Reports new wages and other income along with spening for a given period of time. |
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| Net Income or Take-Home Pay |
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Definition
| Which is the amount of a paycheck after taxes and other payroll deductions have been subtracted form your total earnings. |
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Definition
| The amounts spent on food, clothing, transpotation and other living costs. |
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