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Principles of Money

Opportunity Cost Is what you give up when you make a decision to buy an item.
Net Worth The amount of assets minus your liabilities.
Budget A spending and saving plan based on expected income and expenses.
Financial Plan An overall plan that contains your personal and financial goals.
Personal Goals Are things you want to achieve.
Financial Planner Is a person who gives financial advice to individuals.
Assets Items of value that you own, called may be appreciating or depreciating.
Variable Expenses Are expense that can go up or down each month.
Financial Goals Describe how you will pay for achieving your personal goals.
Identity Theft Occurs when person's personal information is used without permission.
Created by: kc818292