Personal & Family Finance unit 4

16 terms by bigbucks7585 

Create a new folder

Advertisement Upgrade to remove ads

70-20-10

management tool in which income is spent, saved, and invested

ATM

technology that allows bank customers ot take action in their account at any time

Check 21

similar to a debit card

financial plan

an orderly program for spending, saving, and investing money to achieve goals

fixed expenses

set costs

flexible expenses

costs that are not set

debit card

card that automatically deducts money from your account when used for purchases

income

money received that is available to use

inflation

the increased cost of living

interest

the price a borrower pays to use someone elses money

investment risk

the uncertainty of the return on an investment

outstanding check

checks that have not yet been reported on a bank statement

overdraft

insufficient funds to cover the check's amount

reconcile

to bring a bank statement and your register into agreement

rule of 72

the amount of time it takes for your money to double in value

spending plan

plan for spending and saving money based on personal goals

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set