Personal Budget Vocabulary

individual's belongings which have value

• Assets

• Flyer

• Liabilities

• Risk Taker

Itemized summary of the expected income and expenses for a defined period

• Budget

• Saver

• Personal Financial

• Assets

individual who does not consider money as a necessity and does not have much of an opinion on money

• Flyer

• Budget

• Spender

• Security Seeker

goals set to be achieved in about five to ten years

• Liabilities

• Intermediate-Term Goals

• Flyer

• Money Personalities

individual's expenses and outstanding debts

• Liabilities

• Long-Term Goals

• Risk Taker

• Saver

Categories in which people can be put based on their spending and saving habits

• Money Personalities

• Risk Taker

• Saver

• Liabilities

goals set to be achieved in about ten or more years

• Long-Term Goals

• Flyer

• Assets

• Budget

process of creating a financial plan to spend and save money

• Personal Financial Planning

• Risk Taker

• Saver

• Spender

individual who enjoys investing money into high-risk ventures

• Risk Taker

• Assests

• Flyer

• Money Personalities

Individual who likes to save money rather than spend money

• Saver

• Risk Taker

• Spender

• Security Seeker