Financial Planinng

What is the Management of money?

• Budget

• Finance

• Financial Plan

• Personal finance

What describes how you manage your money and other things of financial value?

• Investment

• Finance

• Financial Plan

• Personal finance

What is a document that outlines your financial goals and how you plan to reach them called?

• A Budget

• Finance

• A Financial Plan

• Personal Finance

What is a detailed summary of expected income and expenses during a given period called?

• Budget

• Income

• Expenses

• A Financial Plan

What is earned or made available to you?

• Needs

• Income

• Expenses

• Wants

What are the amounts of money you spend to pay bills or for other needs and wants called?

• Needs

• Income

• Expenses

• Wants

What are things that you must have to sustain your livelihood?

• Needs

• Wants

• Assets

• Liquidity

What are things that you do not have to have, but would like to have, or own?

• Needs

• Wants

• Assets

• Liquidity

What is the term for access to funds to cover a short-term cash need?

• Investment

• Financing

• Asset

• Liquidity

What is the term for a charge on borrowed money?

• Interest

• Interest Rate

• Compound Interest

• Insurance