| A | B |
|---|
| Money management | the method of planning how to get the most from your money |
| Liquid assets | cash and items that can be quickly converted to cash |
| Safe-deposit box | a small, secure storage compartment that can be rented in a bank |
| Take home pay | the amount of income left after taxes and other deductions are taken out of a person's gross pay; also call net pay |
| Budget | a plan for using one's money in a way that best meets one's wants and need |
| Deflict | a situation that occurs if a person spends more than he or she received |
| Liabilities | depts that you owe |
| Net worth | the difference between the amount you own and the debts you owe |
| Assets | any items of value that people own, including cash property, personal possessions, and investments |
| Discretionary income | the money left over after essentials are paid for |
