the process of planning how to get the most from your income
something of value
an obligation to pay money to another party; legally responsible/obliged
Pay yourself first. -Set aside a certain amount of money each time.
expenses which stay basically the same from month to month, such as housing and transportation.
costs that vary in amount and type, depending on events and the choices you make
Earnings from work or investments
the total amount you earn before any deductions are subtracted
the total earnings paid to an employee after payroll taxes and other deductions
a summary of intended expenditures along with proposals for how to meet them
An asset that can be easily and quickly converted to cash without loss of value
the lack of financial resources; being in debt
an excess of liabilities over assets (usually over a certain period)
a quantity much larger than is needed; an excess of assets over liabilities
disposable income available for spending and saving after an individual has purchased the basic necessities of food, clothing, and shelter
Cash flow statement
A measure of the money you receive and the money you spent
Kelly Blue book
Used as a guide for car dealers and banks for pricing trade - ins.
Money which has been invested long-term which will provide future income
Consumer Price Index (CPI)
a measure of the overall cost of the goods and services bought by a typical consumer
the price at which buyers and sellers trade the item in an open marketplace