Key Terms Ramsey Chapter 3

A written cash flow plan​ (a)  

• Budget
• Cash Flow Statement
• Carbon Check
• Envelope System
• Impulse Purchase
• Overdraft
• Reconcile
• Zero-Based Budget

A summary that shows total income and spending for a ​ given time period​ (a)  

• Budget
• Carbon Check
• Zero-Based Budget
• Envelope System
• Cash Flow Statement
• Impulse Purchase
• Overdraft
• Reconcile

A copy of each check you write​ ​ (a)  

• Zero-Based Budge
• Envelope System
• Budget
• Overdraft
• Cash Flow Statement
• Carbon Check
• Impulse Purchase
• Reconcile

Series of envelopes that are divided into categories (food, entertainment, gas, etc.) and are used to store cash for planned monthly expenses​ (a)  

• Zero-Based Budget
• Cash Flow Statement
• Impulse Purchase
• Envelope System
• Budget
• Reconcile
• Carbon Check
• Overdraft

An item that is bought without previous planning or consideration of the long-term effects​ (a)  

• Impulse Purchase
• Overdraft
• Cash Flow Statement
• Budget
• Zero-Based Budget
• Reconcile
• Carbon Check
• Envelope System

Occurs when money is withdrawn from a bank account and the available balance goes below goes below zero​ (a)  

• Zero-Based Budget
• Overdraft
• Envelope System
• Carbon Check
• Reconcile
• Budget
• Cash Flow Statement
• Impulse Purchase

To match your bank statement with your checkbook​ (a)  

• Envelope System
• Impulse Purchase
• Overdraft
• Budget
• Carbon Check
• Zero-Based Budget
• Reconcile
• Cash Flow Statement

A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero​ (a)  

• Reconcile
• Carbon Check
• Budget
• Envelope Sytem
• Zero-Based Budget
• Overdraft
• Impulse Purchase
• Cash Flow Statement