Chapter-16
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Personal assets | items of value
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| Money Management | refers to the day to day financial activities associated with using limited income to satisfy your unlimited needs and wants
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| net worth | a person's assets and liabilities
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| cash flow statement | reports net wages and other income alnog with spending for a period.
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| Fixed expenses | costs that occur on a regular basis
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| Variable expenses | invlove living costs that differ each time and may not be as easy to estimate.
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| allowance | is the amount of money you plan to use for a certian budget category.
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| budget variance | the difference between actual spending and budgeted amounts.
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| fincial plan | a report that summarizes your current fincial condition.
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| Estate planning | involves the accumulation and management of property during ones lifetime and the distribution of one's property at death.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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