Chapter-16 Word Scramble
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| Question | Answer |
| Personal assets | items of value |
| Money Management | refers to the day to day financial activities associated with using limited income to satisfy your unlimited needs and wants |
| net worth | a person's assets and liabilities |
| cash flow statement | reports net wages and other income alnog with spending for a period. |
| Fixed expenses | costs that occur on a regular basis |
| Variable expenses | invlove living costs that differ each time and may not be as easy to estimate. |
| allowance | is the amount of money you plan to use for a certian budget category. |
| budget variance | the difference between actual spending and budgeted amounts. |
| fincial plan | a report that summarizes your current fincial condition. |
| 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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