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Definition
| The understanding of the basic knowledge and skills needed to manage financial resources. |
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Definition
| A spending plan for the use of money over time based on goals and expected income. |
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Definition
| Any form of money you recieve, such as an allowance, a paycheck, and gains from an investment. |
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Definition
| The cost of goods and services you buy. |
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Definition
| A set cost that must be paid each budget period. |
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Definition
| A cost that changes both in the amount and time it must be paid. |
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Term
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Definition
| The act of giving money, goods, or services for the good of others. |
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Definition
| A summary of the amount of money recieved as well as the amount paid out for goods and services during a specific period. |
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Definition
| A written record of your current financial situation. |
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Definition
| The difference between what you own and what you owe. |
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Definition
| A financial obligation that you currently owe or will owe in the future. |
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Definition
| An abundance of assets that are accumulated over time. |
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Definition
| The stages a family passes through from formation to aging. |
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Term
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Definition
| The statistical characteristics of the population. |
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Definition
| A major problem that impacts the future of the family and its lifestyle. |
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Term
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Definition
| The process of setting up and maintaining an organized system for your financial affairs. |
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