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| is the understanding of the basic knowledge and skills needed to manage financial resources |
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| an estimate, often itemized, of expected income and expense for a given period in the future |
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| the monetary payment received for goods or services, or from other sources, as rents or investments |
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something that stays the same
(such as a phone bill) |
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something that changes
(such as the price of food) |
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| is the act of giving money, goods, or services for the goods 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 cuurent 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 abundance of asset 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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| the process of setting up and maintaining an organized system for your financial affairs |
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