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Money Management
Section 28.1 and 28.1 Madi Gordon
Question | Answer |
---|---|
spending, saving, and investing your money so you can enjoy the kind of life you want, along with financial security. | Personal financial planning |
things you want to accomplish | Goals |
what you give up when you make once choice instead of another. | Opportunity cost |
method of planning to get the most from one's money. | money management |
a plan for using your income in a way that best meets your wants and needs. | budget |
the actual amount you earn or recieve during a given period. | income |
total amount of money you earned for a specific time. | gross pay |
amounts that are taken out of your pay before you recieve your paycheck. | deductions |
your gross pay minus deductions. | net pay |
amount of money used to buy or do something. | expense |
expenses that occur regularly and are regularly paid. | fixed expenses |
expenses that change and can be controlled more easily than fixed expenses. | variable expenses |
difference between budgeted amount and the actual amount that you spend. | budget variance |
extra money that can be spent or saved depending on goals and values. | surplus |
occurs when money i sspent than earned or recieved. | deficit |
one that provides information | sources |
to carry out successfully; accomplish | achieve |
look over again in order to correct or improve | revise |
a source of supply or support | resources |
to make use of | utilize |
Becuase of a preceding fact or premise | hence |
being or occuring at the middle place, stage, or degree between extremes | intermediate |
greater in dignity, rank, importance, or interest. | major |