Money Management
Help!
|
|
||||
|---|---|---|---|---|---|
| What is money management? | show 🗑
|
||||
| ______is considering whether to spend or your paycheck or save it in a bank account. | show 🗑
|
||||
| To be a better judge of your options you must consider you ______, _______, & ______. | show 🗑
|
||||
| show | ...organize your personal financial documents.
🗑
|
||||
| show | bank statements, paycheck recieps, recieps, other documents.
🗑
|
||||
| What do your personal financial documents include? | show 🗑
|
||||
| show | ...car ownership titles, birth certificates, tax forms, SS card. (social security)
🗑
|
||||
| what does organizing do to help you? | show 🗑
|
||||
| show | a file that contains employee records, tax records, investment records, consumer records.
🗑
|
||||
| What is a Safety Deposite Box? | show 🗑
|
||||
| What are Assets? | show 🗑
|
||||
| show | four types of wealth must be defined.
🗑
|
||||
| what is Wealth? | show 🗑
|
||||
| what are liqued assets defined as? | show 🗑
|
||||
| show | real estate!
🗑
|
||||
| what is market value? | show 🗑
|
||||
| ________ ________ are (for example) cars and any other valuable objects that are not real estate. | show 🗑
|
||||
| INvestment assets are...? | show 🗑
|
||||
| show | debts you owe!
🗑
|
||||
| Long-term liabities are...? | show 🗑
|
||||
| How do you determine your net worth? | show 🗑
|
||||
| What is a Balance Sheet used for? | show 🗑
|
||||
| cash INflow is...? | show 🗑
|
||||
| show | about a month or a year. (it determines your financial situation during that period of time.
🗑
|
||||
| a cash flow statement must have what on it? | show 🗑
|
||||
| show | they evaluate their income, their discretionary income (extra money)
🗑
|
||||
| The _____ your discretionary the _____ you are. | show 🗑
|
||||
| show | RECORD THEM!
🗑
|
||||
| What's the difference between fixed and variable expenses? | show 🗑
|
||||
| what do you get when you add your fixed and variable expenses? | show 🗑
|
||||
| show | you must subtract your expenses from your income!
🗑
|
||||
| show | surplus is and extra amount of money left over. (deficit is the opposite)
🗑
|
||||
| When your net cash flow changes so does your _______.... | show 🗑
|
||||
| show | a deficit
🗑
|
||||
| when you have a deficit, you can fix it by...? | show 🗑
|
||||
| Your net worth will go up if you end up with a ______ at the month. | show 🗑
|
||||
| show | a budget is a plan using money to meet wants and needs
🗑
|
||||
| what is CPI? (costomer price index) | show 🗑
|
||||
| show | the difference between your budget amount and your spending amount
🗑
|
||||
| What are payroll savings? | show 🗑
|
||||
| show | your liabilities subtracted from your assets
🗑
|
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.
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.
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.
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
Normal Size Small Size show me how
Created by:
JenniferChan
Popular Accounting sets