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To set aside present income for future use |
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To put money to work earning interest over time |
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Money remaining in a business after expenses are paid |
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Money paid for the use of someone else’s money over a period of time |
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The income that can be made on an investment |
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How easily an asset can be converted into cash |
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How easily the interest or cash value of an investment can change |
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The possibility of earning or losing money from an investment |
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A saving/investing activity---e.g., deposits, withdrawals, and transfers |
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An account in a bank/financial institution for saving, making deposits/withdrawals |
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A savings account in which deposits are invested to yield additional earnings |
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A certificate of deposit stating money has been deposited for a specific time |
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A debt certificate issued by the U. S. Treasury that is not transferable |
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An Individual Retirement Account used to save money for retirement |
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A tax-deferred retirement plan for self-employed people |
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A personal savings plan; contributions are not tax-deductible; earnings are tax-free |
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A share of ownership and interest in the assets and earnings of a company |
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Stock in a public corporation; returns vary, but higher risk |
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Stock with fixed dividends, less risk |
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Stock from large companies, less risk |
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Stock from growing companies, more risk |
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Stock that costs less than $1 per share; extremely high risk |
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A certificate of debt given by a company or government that entitles the bondholder to the original amount plus interest paid by a set date |
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A group of investments held in common with shares owned by individual investors |
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A process of tracking and anticipating income and expenditures |
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A specific aim to be accomplished with the use of financial planning |
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Occurring in a cycle, with steps repeated in sequence over and over |
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Having a large amount of money or property |
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living within one’s means |
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Being able to pay all expenses with available income |
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A document or tool that shows personal financial information/data |
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A financial statement that shows the assets, liabilities, and net worth of an individual or family on a set date |
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Anything with monetary value that a person owns |
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Anything that is owed to someone else; a debt |
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The amount of money remaining when total liabilities are subtracted from total assets |
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income and expense statement |
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A financial statement that shows all income and expenses of an individual or family during a specific time period, usually a month or a year |
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The income and expenses of an individual or family during a time period |
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Any expenditure; anything that costs money |
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The amount of money one has after subtracting expenses from income |
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The amount of additional money needed when expenses are greater than income |
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A financial statement used to plan income and expenses for a future time period; also known as a budget or financial plan |
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Money earned---from wages, salaries, tips, withdrawals from savings, interest earnings, scholarships, sales of properties or possessions, gifts, etc. |
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Money spent---for both fixed and flexible expenses; an expenditure |
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An amount of income or expense that is expected, planned, or projected |
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An amount of income or expense that was really earned or spent |
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An expense that is due by a certain date, often agreed upon in a contract, and difficult to change in a short time |
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An expense that is not due by a certain date and is easy to reduce or eliminate |
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A financial goal that states exactly what is to be done with money |
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measurable financial goal |
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A financial goal that gives an exact dollar amount |
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attainable financial goal |
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A financial goal for which one can determine how to reach it |
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A financial goal that is affordable and doable |
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time-bound financial goal |
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A financial goal that states exactly WHEN the goal needs to be reached |
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Determine appropriate recordkeeping format, select categories and time period |
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Make realistic decisions and estimates for categories of the spending plan |
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Put the spending plan into effect |
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Keep accurate records while the spending plan is being implemented |
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Determine how well the spending plan process has worked |
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Placing exact amount of cash for an expense in a labeled envelope |
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A financial statement used to track expenses from day to day |
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Tracking expenses in a checkbook register divided into spending plan categories |
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