Friday, May 17, 2024, 12:14 PM
Site: Financial Beginnings
Course: Financial Beginnings (Home)
Glossary: Module Resources
BUDGETING 1
ASSETSThings you own of value, even if you still owe money against them. |
BUDGETA spending plan that accounts for your sources of income and all of your monthly annual expenses, as well as your future needs and possibilities. |
CASH FLOWMoney flowing in and out. |
FIXED EXPENSESAn expense that does not change. |
GOALSPersonal objectives you set for how you’ll save your money. |
GROSS PAYAn individual’s total earnings throughout a given period before any deductions, like taxes or benefits, are made. |
INCOMEMoney received or earned, especially on a regular basis, for work or through investments. |
LIABILITIESThe debts and other financial obligations of a person; the opposite of assets. |
MICROSOFT.COMMICROSOFT.COM website Microsoft Excel is part of Office and students can obtain it for free. |
MINT.COMMINT.COM website Mint brings together all of your money into one place, provides budgeting tools, and makes your credit score available. |