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Definition
| A plan for dividing income among spending and saving options. |
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Short term goals are goals that you want to achieve in a smaller amount of time.
(e.g.6Months) |
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Long Term Goals Are Those That You Want To Achieve In A Longer Period Of Time.
(e.g.3Years) |
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| The amount of money received over a period of time either as payment for work, goods, or services, or as profit on capital. |
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An easy way to keep your records staight.Method of organizing files. |
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| Spending and income records and items to keep for tax purposes |
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Amounts you have already commited to spen. You have no choice but to pay.
(e.g. A Loan) |
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Amounts that you can choose to spend or not to spend.
(e.g. A Coat) |
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Goods that have special qualities that make them even more expensive than alternative goods.
(e.g New Car vs. Used Car) |
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Definition
| A planning document on which you record your expected and actual income and spending over a short time, usually one month. |
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