EPF Chapter 12/13 Al Johnson

What is considered to be money management?

Keeping home files of your financial records and obligations is all part of

Where might you store high valued items to protect from theft?

A personal balance sheet lists all of your assets and _____________________.

Your ___________ _____________ is the difference between the amount that you own and the debts you owe.

Something that is cash or items that can be quickly converted to cash are called __________.

Wealth is property that has money value but no exchangeable value.

Land and any structure on it is called __________________.

If you borrow $1000 to buy a used car, the car is listed as an asset but the $1000 is a ____________________.

Insolvency is the inability to pay your debts when they are due.

Your take-home pay from a job is the same things as your _________ pay.

If you have $250 left over after paying all your bills and purchasing needed items, that money is considered to be ________________________.

A budget is not necessary to be a successful financial planner.

Rent and food are considered to be what type of expenses?

The difference between the budgeted amount and the actual amount spent is called a ________________________.