Chapter 7 Flashcards
Automated teller card which allows you to make transactions in automated teller machines.
ATM Card
Money is very _________. It is always moving and can be utilized in many ways.
Active
Cash flow plan’ assigns every dollar to a specific category/ expense at the beginning of each month.
Budget
It makes a copy of every check you make.
Carbon Checks
Money
Currency
a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder’s bank account
Debit Card
Self control used in directing behavior; the key to wealth building is being consistent over time.
Descipline
Series of envelopes, divided into pre-determined categories, used to store cash for planned monthly expenses; self-imposed descipline tool to assist people in managing their monthly finance; possible categories include food, entertainment, gas, etc.
Envelope System
reserving more than necessary.
Hoarding
A purchase made without any planning or search effort.
Impulse Purchase
refusing to give up
Persistent
To have a strong initiative; when one happens “to” things.
Pro-active
To put off until later; waiting until the last minute.
Procrastinate
Process used to determine if the balance in you checking registry matches the balance reported on the bank statement, To match your bank statement with your checkbook, preferely within 72 hours of recieving the statement.
Reconcile
Cash flow plan that assigns an expense to every dollar of one’s income, wherein the total income minus the total expenses equals zero.
Zero-based Budget
