Personal Finance Chapter 3 Vocabulary
Terms in this set (8)
A written cash flow plan
Cash Flow Statement
A summary that shows total income and spending for a given time period.
A copy of each check you write
Series of envelopes that are divided into categories (food, entertainment, gas, etc) and are used to store cash for planned monthly expenses
An item that is bought with out previous planning or consideration long-term effects
Occurs when money is withdrawn from a bank account and the available balance goes below zero
To match your bank statement with your checkbook
A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equal zero
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