Personal Finance Key Terms Ch. 3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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budget | a written cash flow plan
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cash flow statement | a summary that shows total income and spending for a given time
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carbon check | a copy of each check you write
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envelope system | series of envelopes that are divided into categories (food, entertainment, gas, etc.) and are used to store cash for planned monthly expenses
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impulse purchase | an item that is bought without previous planning or consideration of the long-term effects
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overdraft | occurs when money is withdrawn from a bank account and the available balance goes below zero
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reconcile | to match your bank statement with your checkbook
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zero-based budget | a cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero
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To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Ms.Sala
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