Money Management
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| What is money management? | show 🗑
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| ______is considering whether to spend or your paycheck or save it in a bank account. | show 🗑
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| To be a better judge of your options you must consider you ______, _______, & ______. | show 🗑
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| show | ...organize your personal financial documents.
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| What are some examples of personal financial documents? | show 🗑
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| show | they include records that are not directly related to your day-to-day use of money.
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| show | ...car ownership titles, birth certificates, tax forms, SS card. (social security)
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| what does organizing do to help you? | show 🗑
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| What is a home file? | show 🗑
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| What is a Safety Deposite Box? | show 🗑
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| What are Assets? | show 🗑
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| How many categories must you determine to define your assets? | show 🗑
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| show | Wealth is an abundance of resources or money.
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| show | cash or items that can be quickly converted to cash (accounts in the bank)
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| show | real estate!
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| what is market value? | show 🗑
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| ________ ________ are (for example) cars and any other valuable objects that are not real estate. | show 🗑
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| INvestment assets are...? | show 🗑
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| show | debts you owe!
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| Long-term liabities are...? | show 🗑
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| show | subtract your liabilities from your assets. the difference is your net worth
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| show | its for evaluating your current financial situation
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| show | cash or income, money that is RECIEVED
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| show | about a month or a year. (it determines your financial situation during that period of time.
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| a cash flow statement must have what on it? | show 🗑
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| What do financial experts usually check about a person's financial situation? | show 🗑
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| show | better, better
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| show | RECORD THEM!
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| show | fixed expenses-expenses every month, teh same value. variable expenses-expenses that vary per month, but range around the same, but NEVER are.
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| what do you get when you add your fixed and variable expenses? | show 🗑
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| how do you determine your net cash flow? | show 🗑
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| what is surplus defined as? | show 🗑
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| When your net cash flow changes so does your _______.... | show 🗑
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| show | a deficit
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| when you have a deficit, you can fix it by...? | show 🗑
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| show | a surplus
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| show | a budget is a plan using money to meet wants and needs
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| show | the measure of the changes in the prices commonly purchased goods
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| what is budget variance? | show 🗑
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| show | savings that is automatically withdrawn from your paycheck and put into an account or into retirement or savings
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| what is net worth? | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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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.
To hide a column, click on the column name.
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:
JenniferChan
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