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finance final

TermDefinition
financial plan a formal document that you make where you look at your needs and plan for future events
rule of 72 to find when your money will double
what do you want to do with financial planning achieve economical satisfaction
what will increase interest rate with a loan? bad credit
what is a short-term goal? within the next 6 months, buy a car for 15k
investing a dollar today will it be worth more or less in the future more
what causes a reduction in your buying power inflation
word used to describe how easy it is to transfer money liquidity
amount left after assets sold and liabilities paid net worth
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes disposable income
income remaining after deduction of taxes, other mandatory charges, and expenditure on necessary items discretionary income
spending plan for financial goals budget
100k in assets 60k in liabilities??? assets-liabilities=net worth
old-age taxes social security
how long to keep taxes for IRS 6 years
something your employer shows you so you can pay taxes W2
Created by: bwats5289
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