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Pay Yourself First
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Tax used to fund hospital insurance provided under the Social Security System |
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Any money a person receives ex. pay check, allowance, gift |
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What is another term used for Cash Management? |
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A tax that is collected by a person's employer and is paid to the state revenue department |
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An expense that does not change from month to month |
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Any amount that is subtracted from a person's gross income ex Taxes, Expensese |
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A tax used to provide support to old-age, survivors, and disability insurance |
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A person's income with all of their deductions taken out |
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Fees a person pays to help pay for government programs |
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Expenses that change from month to month |
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Taxes paid to the IRS (internal Revenue Services) |
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A plan used to help monitor a persons income and expenses |
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Any money that a person spends or gives away |
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A personal budget for managing money during a given time period |
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An account you have at a financial institution that you use for convenience and to minimize the amount of cash you need to carry |
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What are two example of income? |
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Definition
Paycheck, Gift, Allownce, Interest on bank account, Investments, Lottery |
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What are two examples of expenses? |
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Definition
Food, Clothing, Taxes, Car payment, Gas, House Payments |
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A Fee that you may recieve from an Automated Teller Machine if it's not one from your bank |
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A tool some backs use to make sure a person can not take more money out of their account than they actually have |
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