personal finance 2
Terms
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- Net Income
- Income minus all deductions such as with holdings for taxes
- Budget
-
A spending plan on an
estimate of an income - Flexible Expenses
-
Expenses that vary
in amount and frequency - Savings Account
-
A deposit account at a bank or
savings and loan which pays interest
but cannot be with drawn, by check
writing - Net Worth
-
The difference between assets
and liabilities - Job Interview
-
An interview to determine
whether an applicant is suitable
for a position of employment - Credit Card
-
Any card that may be used
repeatedly to borrow money or buy
products and services on credit Issued by banks savings and loan, retail stores, and other buisnesses - Loan
- An act of lending usually money for borrowerss' temporary use
- Insurance
- Promise or reimbursement in the case of loss, paid people or companies, so concerned by hazards that they made prepayments to an insurance company
- Resume
- A summary or statement of one's education, work experience, and personal references submitted to an employer to show what you have to offer for a particular job
- Career
-
The general progression
of your working life - Liabilities
-
Debts owned by an individual
or a family member - Assets
-
Everything value that a
person or family own or owns
including money - Emergency Fund
-
Money put aside to help meet
unexpected needs or make unplanned purchases - Balance Sheet
-
A statement of assets,
liabilities, and net worth - Fixed Expenses
-
Expenses that must be paid
on certain dates and certain
amounts