Java Games: Flashcards, matching, concentration, and word search.

Chapter 40

assestsItems of value
balance sheetThe financial statement that reports what a person or family owns as well as owes
discretionary incomeIncome available to spend after money has been set aside for basic needs and future expenses
expendituresThe amounts spent for food, clothing, transportation, and other living costs
goalsThe things you want to achieve
incomeThe money you receive from work that you do and from money you invest
income statementThe finiancial statement that reports the inflow and outflow of money for a given period of time
liabilitiesAmounts owed to others
money managementDay-to-day financial activities associated with using limited income to satisfy unlimited needs and wants.
net imcome or take-home payThe amount received after taxes and other deductions have been subtracted from total earnings
net worthThe difference between a person's or family's assets and liabilities

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