Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

8.02Personal Finance

Financial Planning

Financial Planning A process of tracking and anticipating income and expenditures
Financial Goal A specific aim to be accomplished with the use of financial planning
Continual Ongoing, without ending
Cyclical Occurring in a cycle, with steps repeated in sequence over and over
Wealth Having a large amount of money of property
Living within one's means Being able to pay all expenses with available income
Financial Statement A document or tool that shows personal financial information/data
Balance Sheet A financial statement that shows the assets, liabilities, and net worth of an individual or family on a set date
Asset Anything with monetary value that a person owns
Liability Anything that is owed to someone else; a debt
Net Worth The amount of money remaining when total liabilities are subtracted from total assets
Income and Expense Statement A financial statement that shows all income and expenses of an individual or family during a specific time period, usually a month or a year
Cash Flow The income and expenses of an individual or family during a time period
Income Total earnings received
Expense Any expenditure; anything that costs money
Net Gain The amount of money one has after subtracting expenses from income
Net Loss The amount of additional money needed when expenses are greater than income
Spending Plan A financial statement used to plan income and expenses for a future time period; also known as a budget of financial plan
Created by: mobleyke
Popular Finance sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards