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Assets
any items of value that you own, such as cash, real estate, personal possessions, and investments.
Surplus
extra money that you can spend or save, depending on your financial goals and values.
Wealth
is property that has a money value or exchangeable value.
Liabilities
the debts that you owe.
Cash Flow
the movement (cash) in and out of your wallet and /or your bank account.
Money Management
the day- to- day financial activities necessary to get the most from your money.
Personal Balance Sheet
a financial statement that shows what you own and what you owe.
Surplus
extra money that you can spend or save, depending on your financial goals and values
Money Management
the day-to-day financial activities necessary to get the most from your money
Liabilities
the debts that you owe
Assets
any items of value that you own, such as cash, real estate, personal possessions, and investments
Wealth
is property that has a money value or exchangeable value
Cash Flow
the movement (cash) in and out of your wallet and/or your bank account
Personal Financial Statement
gives information about your current financial position and presents a summary of income and spending
Personal Balance Sheet
a financial statement that shows what you own and what you owe
Examples of Liabilities
student loans, credit card balances, and mortgages
Examples of Assets
your home, jewelry, and art
Note 
Flashcard (29)