“Money Management Guide”
By:Zachary Ball
Income and Expenses statement
An important financial management tool that summarizes your past transactions to determine how you are earning and spending your money.
Gross Income
is an individual’s income earned as salary or wages before taxes and other deductions
Spending money
Be wise with how you spend your money. Try to think about what you need more than what you want. That is the hardest thing, but anyone can do it.
Banks
An establishment authorized by a government to accept deposits, pay interest, clear checks, make loans, act as an intermediary in financial transactions, and provide other financial services to its customers. Banks Are very helpful in storing money. They can also provide a savings account to help manage your money expenses.
Definition from: http://www.businessdictionary.com/
Definition from: http://www.businessdictionary.com/
Liability
is a debt or obligation owed to others
Saving
Save money. Save money. Save money... The more you save the better off you will be.
Net Worth
a measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to others.
Tax Refunds
Tax refunds received from your state and federal government are considered earned income, because they reflect over‐withholding from your paycheck in a prior period.
Credit Unions
a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Defenition from: Google Definitions.
Happiness
ONCE YOU TAKE IN ALL OF THESE FACTORS THAT INVOLVE MONEY. YOU CAN BE HAPPY AND HOPEFULLY OUT OF DEBT.