Personal Finance Vocab

Front

Goals are things you want to accomplish.

Back

Things you want to accomplish.

Front

When more money is spent than earned, you have a...

Back

Deficit

Front

Income before taxes and deductions.

Back

Gross Pay

Front

Discretionary income occurs when you have money left after essentials.

Back

Have money left over after paying for your needs and essentials.

Front

Commitment to a fulfilling field.

Back

Career

Front

Ability to convert financial assets to cash.

Back

Liquidity

Front

Surplus occurs when income exceeds expenses.

Back

Your income is higher than your expenses.

Front

Items of value owned by an individual or company are called...

Back

Assets

Front

A plan for using money to meet wants/needs is called a

Back

Budget

Front

Income remaining after taxes and deductions.

Back

Net Pay