| A | B |
|---|
| budget | Items of value that you own, including money. |
| balance sheet | A statement of what you own and what you owe. |
| assets | Items of valuethat you own, including money. |
| liabilities | Debt or obligations owed to others. |
| net worth | The difference between your assets and liabilities. |
| online banking | Conducting business with financial institutions over the Internet. |
| online bill payment | Paying bills electronically over the Internet. |
| online bill presentment | Recieving bills electronically over the Internet. |
| gross income | The total amount of money earned before taxes and other paycheck deductions. |
| net income | The amount of pay an employee is left with after taxes and ther deductions are subtracted from gross pay. |
| fixed expenses | Regular payments that don't vary in amount. |
| variable expenses | Expenses that normally increase or decrease. |
| dicretionary expenses | Expense categories that are not absolutely necessary spending for food,clothing,a nd shelter. |
