| A | B |
|---|
| budget | a plan for spending and saving money |
| balance sheet | statement of what you own and what you owe |
| assets | items of value you own |
| liabilities | debts or obligations owed to others |
| net worth | difference between your assets and liabilities |
| online banking | conduction business with financial institutions over the Internet |
| online bill payment | paying bills electronically |
| online bill presentment | receiving bills electronically |
| gross income | total amount of money you can expect to earn before taxes and other paycheck deductions |
| net income | amount of money you expect to receive after paycheck deductions |
| fixed expenses | regular payments that don't vary in amount |
| variable expenses | expenses that normally increase or decrease |
| discretionary expenses | expense categories that are not absolutely necessary |
