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Leadership vocab

TermDefinition
Zero-based budget a method that has you allocate all of your money to expenses
Fixed Expenses cost the same amount on a routine basis.
Variable Expenses production output or sales
Income money received, especially on a regular basis, for work or through investments.
Need because it is essential or very important.
Want to feel a need or a desire for; wish for
Disposable Income available to be spent or saved as one wishes.
Financial Plan their short- and long-term monetary goals
Assets a useful or valuable thing, person, or quality
Liabilities the state of being responsible for something, especially by law.
Net Worth minus the total of all of your liabilities
Capital the money used to build, run, or grow a business
Surplus an amount of something left over when requirements have been met; an excess of production or supply over demand.
Budget a usually leather pouch, wallet, or pack
Created by: rodriquez
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