| A | B |
|---|
| The amount received after taxes and other deductions have been subtracted from total earnings | net income |
| income available to spend after money has been set aside for basic needs and futures expenses | discretionary income |
| The difference between a person's or family's assets and liabilities | owner's equity |
| The amounts spent for food, clothing, transportation, and other living costs | expenditures |
| Amounts owed to others | liabilities |
| The financial statement that reports net wages and other income along with spending for a given period of time | cash flow statement |
| Items of value | assets |
| The money you receive from work that you do and from money you invest | income |
| The financial statement that reports what a person or family owns as well as owes | balance sheet |
| Day-to-day financial activities associated with using limited income to satisfy unlimited needs and wants | money management |
