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Study sets matching "money managment"

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Study sets matching "money managment"

41 terms
Money Management
Monthly Mortgage Payment
Net Worth
Ownership
Pension
The monthly amount you pay on your loan to purchase a home
The difference between your total assets and total liabilities
the act of having and controlling property
a regular payment to a person that is intended to allow them…
Monthly Mortgage Payment
The monthly amount you pay on your loan to purchase a home
Net Worth
The difference between your total assets and total liabilities
12 terms
Money Management: Money and Shopping
cash
credit
debit
check
money; dollar bills, and coins
money that a person or a bank lets you use and pay back later
money that is taken directly from a bank account using a card…
a piece of paper from a bank that is used to pay for things
cash
money; dollar bills, and coins
credit
money that a person or a bank lets you use and pay back later
7 terms
money managment
Account
Account statement
Auto Insurance
ATM
Arrangement that a person makes with a bank or credit union l…
a periodic summary of account activity with a beginning date…
a contract between you and the insurance company. You agree t…
abbreviation for automated teller machine. This is a computer…
Account
Arrangement that a person makes with a bank or credit union l…
Account statement
a periodic summary of account activity with a beginning date…
12 terms
Money Management: Money and Shopping
cash
credit
debit
check
money; dollar bills, and coins
money that a person or a bank lets you use and pay back later
money that is taken directly from a bank account using a card…
a piece of paper from a bank that is used to pay for things
cash
money; dollar bills, and coins
credit
money that a person or a bank lets you use and pay back later
19 terms
Money Management
Spending Log
Delayed Gratification
Needs
Wants
A record of everything you spend money on and how much you sp…
Waiting until you know you can afford something
Things that are essential to your health and security
Things that make life more interesting and fun, but you can g…
Spending Log
A record of everything you spend money on and how much you sp…
Delayed Gratification
Waiting until you know you can afford something
26 terms
Money Management
Need
Want
Value
Opportunity Cost
things that are essential to your health and security
things that make life more interesting and fun but you can ge…
beliefs or practices in your life that are very important to…
the cost of what is forgone when making decisions and choosin…
Need
things that are essential to your health and security
Want
things that make life more interesting and fun but you can ge…
12 terms
Money Management: Money and Shopping
cash
credit
debit
check
money; dollar bills, and coins
money that a person or a bank lets you use and pay back later
money that is taken directly from a bank account using a card…
a piece of paper from a bank that is used to pay for things
cash
money; dollar bills, and coins
credit
money that a person or a bank lets you use and pay back later
11 terms
Money management
Income, n.
Allowance, n.
Financial, adj.
Save, v.
Money that "comes in," or is earned; money you make in a give…
Money given to child by parents
Relating to or involving money or finance
To set aside money for later use, often adding to the sum per…
Income, n.
Money that "comes in," or is earned; money you make in a give…
Allowance, n.
Money given to child by parents
10 terms
Unit 1- Money Manager
Deposit Slip
Amount
Date
Teller
a paper on which you list cash and check you want to deposit
how much something is, such as a check
a certain month, date, and year
a person at the bank who helps you with transactions
Deposit Slip
a paper on which you list cash and check you want to deposit
Amount
how much something is, such as a check
17 terms
money managment
budget
income
expences
fixed expense
detailing intentions for allocating
money receiving
thing that you buy
cost the same amount everytime ex.rent
budget
detailing intentions for allocating
income
money receiving
14 terms
Money Management
inflation
interest
simple interest
compound interest
a decrease in the value of purchasing power as the result of…
a fee that is charged for lending money
a fee calculated by multiplying the interest rate times the p…
the interest gained would be added to the principal, and futu…
inflation
a decrease in the value of purchasing power as the result of…
interest
a fee that is charged for lending money
12 terms
Money Managment
Financial Institutions
Commercial Banks
Savings & Loan Associations
Credit Unions
an establishment that conducts financial transactions such as…
Accept deposits and provide security and convenience to their…
A/K/A S&Ls or thrifts, resemble banks in many respects
Another alternative to regular commercial banks.... Almost alway…
Financial Institutions
an establishment that conducts financial transactions such as…
Commercial Banks
Accept deposits and provide security and convenience to their…
13 terms
Money Managment
budget
financial institution
depository
non-depository
an estimate of income and expenditure for a set period of time.
establishment that focuses on dealing with financial transact…
a place where things are stored.
a financial institution that funds their investment activitie…
budget
an estimate of income and expenditure for a set period of time.
financial institution
establishment that focuses on dealing with financial transact…
46 terms
Money Managment
Economic resources are also known as
Does every adult in Australia belong t…
The government substitutes the price o…
Management is not counted as part of l…
factors of production
Yes
True
True
Economic resources are also known as
factors of production
Does every adult in Australia belong t…
Yes
10 terms
Money Managment
Budget
Saving
Credit Unions
Bank
Plan that shows income or expense over a period of time
The act of setting aside money for future use
A nonprofit bank owned by its members
A business that does financial services
Budget
Plan that shows income or expense over a period of time
Saving
The act of setting aside money for future use
14 terms
money managment
goals
opportunity cost
money management
budget
things you want to accomplish
what you give up when you make one choice instead of another
is a method of planning to get the most from ones money
a plan for using your income in a way that best meets your wa…
goals
things you want to accomplish
opportunity cost
what you give up when you make one choice instead of another
16 terms
Money managment
Financial plan
Disposable
Budget
Database
An orderly program for spending saving and investing the mone…
Money you have to spend as you wish --after all deductions--…
An organized plan whereby you match your expected income with…
A computer program that organizes data for easy search and re…
Financial plan
An orderly program for spending saving and investing the mone…
Disposable
Money you have to spend as you wish --after all deductions--…
13 terms
money managment
budget
financial institution
depository
non-depository
money management simply means being in charge of your money
Banks
institutions accept deposits from customers These deposits ma…
institutions do not accept deposits, but do offer their custo…
budget
money management simply means being in charge of your money
financial institution
Banks
13 terms
Money Managment
budget
financial institution
depository
non-depository
an estimate of income and expenditure
establishment that focuses on dealing with financial transact…
any financial institution in the united states
institution that funds their investment activities
budget
an estimate of income and expenditure
financial institution
establishment that focuses on dealing with financial transact…
13 terms
Money Managment
budget
financial institution
depository
non-depository
an estimate of income and expenditure for a set period of tim…
an establishment that focuses on dealing with financial trans…
any financial institution in the United States(such as a savi…
a financial institution that funds their investments activiti…
budget
an estimate of income and expenditure for a set period of tim…
financial institution
an establishment that focuses on dealing with financial trans…
15 terms
Money Managment
Checks
Debit card
Interest
Percentage
a written order directing a bank to pay money as instructed
a small plastic card that is used to buy things by having the…
a charge for borrowed money generally a percentage of the amo…
a number or rate that is expressed as a certain number of par…
Checks
a written order directing a bank to pay money as instructed
Debit card
a small plastic card that is used to buy things by having the…
15 terms
Money Managment
Personal financial planning
Goals
Opportunity cost
Money management
spending, saving, and investing money to assure a certain kin…
things to be accomplished.
what you give up when you make one choice instead of another,…
a method of planning to get most from ones money.
Personal financial planning
spending, saving, and investing money to assure a certain kin…
Goals
things to be accomplished.
41 terms
Money Managment
Interest
Principal
Budget
Money
A fee paid by the bank or by you for the use of money
Amount of money you have in an account before interest
A plan for spending money
Anything commonly accepted to pay for goods or services
Interest
A fee paid by the bank or by you for the use of money
Principal
Amount of money you have in an account before interest
16 terms
money Managment
personal management
Business budget
Expenses
Fixed expenses
An individual prepares this income and expense statement to p…
is the process of preparing a detailed statement of financial…
the cost required for something; the money spent on something
: Expenses that continue at relatively stable levels, month a…
personal management
An individual prepares this income and expense statement to p…
Business budget
is the process of preparing a detailed statement of financial…
8 terms
Money managment
Need
Want
Service
Good
Something you need in order to survive
Something you want to add comfort to your life
acts done to benefit others
Items produced to benefit others
Need
Something you need in order to survive
Want
Something you want to add comfort to your life
19 terms
Money Managment
Budgeting
Budgets consist of...
Variable
Periodic/ Occasional Expenses
A plan detailing intentions for allocating resources... (A.K.A a…
-Income... -Expenses... -Fixed; cost the same every time... Ex. Mortga…
Fluctuate in amount, result in more control over cost
Expenses you don't have to pay every month, can be fixed or v…
Budgeting
A plan detailing intentions for allocating resources... (A.K.A a…
Budgets consist of...
-Income... -Expenses... -Fixed; cost the same every time... Ex. Mortga…
13 terms
Money managment
International goods
Incentive
Trade
Export
Goods made out of the country
Something that incites or tends to incite to action or greate…
The act or process of buying, selling, or exchanging commodit…
To ship (commodities) to other countries or places for sale,…
International goods
Goods made out of the country
Incentive
Something that incites or tends to incite to action or greate…
money managment
Budgeting
fixed expenses
variable expenses
periodic expenses
A plan of what you can and cant spend.
cost the same amount every time: car payment, student loans,…
changing in amount, so you can usually have more control over…
amounts you don't pay every month, it can be fixed or variabl…
Budgeting
A plan of what you can and cant spend.
fixed expenses
cost the same amount every time: car payment, student loans,…
13 terms
money managment
budget
financial institution
depository
non-depository
an estimate of income & expenditure for a set period of time
an establishment that focuses on dealing with financial trans…
any financial institution in the united states suck as a savi…
a financial institution that funds their investment activitie…
budget
an estimate of income & expenditure for a set period of time
financial institution
an establishment that focuses on dealing with financial trans…
17 terms
Money managment
3 parts of a budget
budget
fixed expenses
variable
income, expenses, savings
a plan detailing instructions for allocating resorces
stay constant
change from month to month
3 parts of a budget
income, expenses, savings
budget
a plan detailing instructions for allocating resorces
19 terms
Money managment
Spontaneity
Compliance
Procrastination
Agonizing
the condition of being spontaneous; spontaneous behavior or a…
the action or fact of complying with a wish or command
is the avoidance of doing a task which needs to be accomplish…
causing great physical or mental pain.
Spontaneity
the condition of being spontaneous; spontaneous behavior or a…
Compliance
the action or fact of complying with a wish or command
13 terms
Money Managment
Budget
Financial Institution
Depository
non-deposition
an estimate of income and expenditure for a set period of time
an establishment that focuses on dealing with financial trans…
any financial institution in the united States that is legall…
funds their investment activities from the sale of securities…
Budget
an estimate of income and expenditure for a set period of time
Financial Institution
an establishment that focuses on dealing with financial trans…
9 terms
Money Managment
Spontaneity
Compliance
Procrasttination
Agonizing
the condition of being spontaneous; spontaneous behavior or a…
the action or fact of complying with a wish or command.
the avoidance of doing a task which needs to be accomplished.
causing great physical or mental pain.
Spontaneity
the condition of being spontaneous; spontaneous behavior or a…
Compliance
the action or fact of complying with a wish or command.
14 terms
Money Managment
Budget
Cash flow
Fixed Expenses
Variable Expense
an estimate of income and expenditure for a set period of time.
the total amount of money being transferred into and out of a…
Fixed expenses or costs are those that do not fluctuate with…
A variable cost is a corporate expense that varies with produ…
Budget
an estimate of income and expenditure for a set period of time.
Cash flow
the total amount of money being transferred into and out of a…
Money Managment
Budget
Financial Institution
Depository
Commercial bank
A plan for making and spending money
a bank, trust company, insurance company, credit union, build…
n. A place where anything is kept in safety.
A financial institution that accepts demand deposits and make…
Budget
A plan for making and spending money
Financial Institution
a bank, trust company, insurance company, credit union, build…
18 terms
Money Managment
Assets
Liabilities
How can you have high net worth and st…
Income
Things you own ex: car
Things you owe ex: taxes, bills
Wasteful; toe up your money in non-liquid assets
Money coming in
Assets
Things you own ex: car
Liabilities
Things you owe ex: taxes, bills
25 terms
Money Management
APR
ATM
Automatic Deposit
Bankruptcy
The cost of credit you pay on a yearly basis
A banking machine that gives you 24-hour access to banking se…
A service in which the employer deposits each paycheck direct…
A process in which people or businesses state that they can't…
APR
The cost of credit you pay on a yearly basis
ATM
A banking machine that gives you 24-hour access to banking se…
9 terms
Money Management
proactive
diversify
investment risk
over-invest
creating or controlling a situation by causing something to h…
vary how you invest your money, invest in different sectors o…
The uncertainty about the future of an investment.
invest too much
proactive
creating or controlling a situation by causing something to h…
diversify
vary how you invest your money, invest in different sectors o…
20 terms
Managing Money
Asset
Expense
Income
Investment asset
Items of monetary value to a person or household owns
Money Spent
Money Received
Financial assets purchased with the hope that they will gener…
Asset
Items of monetary value to a person or household owns
Expense
Money Spent
17 terms
Money management
payee
endorsement
outstanding checks
overdraft
person or business who is receiving payment
Payee signature on back of the check
checks that have not been paid by the bank
writing a check for more money than you have in your account
payee
person or business who is receiving payment
endorsement
Payee signature on back of the check
11 terms
Money Management
income
interest
expenses
fixed expenses
money coming into your account from jobs, social security, in…
money earned on a savings account... or... money paid on a loan
what you spend money on
costs that are the same every time (month or week)
income
money coming into your account from jobs, social security, in…
interest
money earned on a savings account... or... money paid on a loan
13 terms
money management
budget
financial institution
depository
non-depository
an estimate of income and expenditure
establishment that focuses on dealing with financial transact…
any financial institution in the united states
institution that funds their investment activities
budget
an estimate of income and expenditure
financial institution
establishment that focuses on dealing with financial transact…
15 terms
Money Management Vocabulary
Budget
Want
Need
Consumer Decisions
A plan used to decide the amount of money that can be spent a…
Something unnecessary but desired OR items which increase the…
Something thought to be a necessity or essential item require…
Process by which consumers identify their needs, collect info…
Budget
A plan used to decide the amount of money that can be spent a…
Want
Something unnecessary but desired OR items which increase the…
15 terms
Managing money
Checks
Debit cards
Interest
Percentages
directs a bank to pay a definite sum of money to a payee
a card givin by a bank allowing the holder to transfer money…
earned money or paying for borrowing money
A proportion or share in relation to a whole
Checks
directs a bank to pay a definite sum of money to a payee
Debit cards
a card givin by a bank allowing the holder to transfer money…
37 terms
money management (:
budget
income
expenses
savings
a plan for managing income and expenses
money that comes in
money going out
used to meet long term financial goals
budget
a plan for managing income and expenses
income
money that comes in
18 terms
Money Management
Needs
Wants
Spending log
Delayed Gratification
things that are essential to your health and security.
make life more interesting and fun, but you can get by withou…
a record of everything you spend money on and how much you sp…
Waiting
Needs
things that are essential to your health and security.
Wants
make life more interesting and fun, but you can get by withou…
30 terms
Money Management
account
account statement
auto insurance
ATM (Automated Teller Machine)
arrangement with a bank or credit union letting you deposit a…
list of financial transactions you made over a given period
protects against losses to property and injuries to people in…
used to withdraw cash from a checking account
account
arrangement with a bank or credit union letting you deposit a…
account statement
list of financial transactions you made over a given period
6 terms
Money/Money Management
Sources of income
Exemption
Liquidity
Gift Cards
wages, rentals, interest, capital, profits, investments, entr…
allowance is used to reduce amount of taxed income
the degree of ease in which assets can be sold
a monthly inactivity fee may begin after 12 months
Sources of income
wages, rentals, interest, capital, profits, investments, entr…
Exemption
allowance is used to reduce amount of taxed income
25 terms
Money Management
Net Pay
Gross Pay
Deductions
Minimum Wage
Commonly called "take home pay"; it is your income after all…
Money earned by employee
Amounts subtracted from your gross pay.
Lowest legal wage that can be paid to most workers.
Net Pay
Commonly called "take home pay"; it is your income after all…
Gross Pay
Money earned by employee
35 terms
Money Management
Opportunity Cost
Money Management
Budget
Income
What you give up when you make one choice instead of another
A method of planning to get the most from one's money
A plan specifying how money will be issued or spent during a…
The actual amount of money earned or received during a given…
Opportunity Cost
What you give up when you make one choice instead of another
Money Management
A method of planning to get the most from one's money
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