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Definition
| Everything a person owns with monetary value |
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| A control system where expenses are tracked in a checkbook register which has been divided into spending plan categories |
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| Electronic Spending Plan System |
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| A control system that utilizes some type of electronic software |
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Definition
A control system where an Individual places the actural budgeted amound of cash into the specific envelope labeled for the expense.
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| Specific objectives to be accomplished through financial planning |
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| A tool used to achieve financia success based upon the development and implementation of finacial goals |
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Definition
| Expenses that often have a fixed amound due each month, may be conractual, and are not easy to reduce or eliminate |
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Definition
| Expenses that vary ech month in the amound owed, are not conractual, and do not have to be paid by a certian date |
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| The end result of something a person intends to acquire, achive, do, reach, or accomplish |
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| The total amount of money earned during a pay period befor payroll deductions |
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| An arrancehment between an individual and an insurance company to protect the individual against risk |
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| Debts or what is owed to others |
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| An essential item required for life |
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Definition
| The positive amount of money remaining after subracting expenses from income |
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Definition
| The amount of an individual's take-home pay after taxes and other deductions have been taken out |
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| The negative amount of mone remainging after subracting expenses from income |
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| The amound of money left when liabilities are subtracted from assets |
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Definition
| A financial statment taht describes an endividual or family's finacial condition on a specified date |
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Definition
| Portion of current income not spent on consuption |
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Definition
| A paper or electrionic document used to record both planned and actual income through expenditures over a period of time |
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| Citizen charges by local, state, and federal governments |
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| A fundamental belief or practice about what is desirable, worthwhle, and important to an individual |
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Definition
Something unnecessary, but desired
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| Measurement of how much a person or household owns once all debts have been paid |
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