assets - Items that you own that are worth money., automatic deduction plan - When funds are automatically deducted from an employee's paycheck and placed into a bank account., budget - A detailed financial plan used to allocate money for a specific time period., credit report - A detailed credit history on an individual., debt - money owed, expense - money going out, Fair Isaac Corporation (FICO) score - the most common credit rating, fixed expenses - Expenses that do not change from month to month., flexible expenses - Expenses that change from month to month., gross income - The amount of money in a paycheck before paying taxes or other deductions., income - money coming in, interest - the cost of borrowing money, liability - an obligation to pay what you owe, loan - A large debt that is paid in smaller amounts over a period of time and has interest added to the payment., money wasters - Small expenditures that consume a larger portion of one's income than expected., net income - The amount of money that is yours after paying off debt., net worth - The amount of money that is yours after all taxes and deductions are paid.,
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Pearson Chapter 2 Vocab
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Cglong
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