financial resources wants needs cash inflows cash outflows expenses, or items for which you must spend money money or other items of value that are used.

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Presentation transcript:

financial resources wants needs cash inflows cash outflows expenses, or items for which you must spend money money or other items of value that are used to acquire goods and services things needed for survival: food, clothing shelter things people desire for reasons beyond survival and basic comfort income from your job, investments, other sources Match up the following words and definitions

TRUE or FALSE? A variable expense can go up and down each month

What is a spending and saving plan based on income and expenses?

what is a computer program that allows you to insert numbers and formulas to compute amounts and make a budget

TRUE or FALSE? A fixed expense can change each month

What is the act of donating money or time to a cause in which you believe?

TRUE or FALSE? Variances in a budget are the difference between planned amounts and actual amounts

TRUE or FALSE? Manual records are soft-copy formats of your financial information stored on your computer

What to we call the interim steps in a financial plan, which are steps to measure your progress toward a goal?

Debts you OWE are called

Money or items of value you OWN are called:

What do we call the difference between your assets and your liabilities?

Giving up one option in exchange for another option is called:

TRUE or FALSE? Encryption coverts your computer data into coded form and helps protect your information.