Things you want to accomplish.

The ability to easily convert financial assets into cash without loss of value.

The price paid for the use of another's money.

The beliefs and principles you consider important, correct, and desirable.

Guides monetary policy

Expenses that are consistent and require payment around the same time each month

Income that is consistent and is typically received around the same time each month.

An increase in the value of an asset

Money or other items of value that a person owns.

A tool for managing money to achieve short and long-term goals

The measure of money coming in and money going out over a certain period of time

An item of value pledged as a guarantee for payment of a loan which can be repossessed by the lender if the loan is not paid back

Items that are relatively rare that people collect in hopes that they will increase in value,

A decrease in the value of an asset

A payment method used to electronically deposit your paycheck into your bank account

Spending for goods and services beyond the essentials like food, shelter, and clothing

Money left over after taxes and

other deductions: money used to pay necessary expenses.

Money spent on different items; items that are necessary for maintaining a household, and some are chosen.

Anticipated expenses that are the same each month and usually require payment around the same time each month

Something that you would like to accomplish.

Money received for work or other sources such as interest earned, child support, alimony, or dividends from stocks.

Debts, any outstanding bills or

loans that must be repaid

Major purchases that require time, planning and extensive saving. Usually takes more than 5 years to achieve.

Items with special qualities that make them more expensive than alternative products

The total value of a person's financial assets minus their obligations (liabilities).

The idea that you should remove money for savings purposes as soon as you receive any income

A list of all of one's personal property

Accumulations of assets by an individual such as money and possessions

Having funds to buy things that require money above what is normally allowed by a budget. Short-term financial goals are usually accomplished within a year.

Expenses that are not paid every month and cannot always be planned

The standards used to determine what is important to a person

Anticipated expenses that may vary

in amount each month

The day-to-day financial activities necessary to get the most from your money.

Cash and items that can be quickly converted to cash.