| Question | Answer |
| process of forecasting future expenses and income | #
|
This is like rent on money - cost of using money | #
| Making decisions about how much cash or liquid assets to keep in reserve | #
| Making decisions about getting and using credit | #
| Ownership | #
| Taking a loan is financing | #
| Money coming in | #
| Possibility of financial loss | #
| What we owe, our debt | #
| This refers to how much readily available cash you have on hand to meet wants and needs | #
| Anything we own | #
| Interest rate, length of loan and other information lender provides | #
| Specifying financial goals and describing in detail the spending, investments and spending required to reach those goals. | #
| This includes buildings and land | #
| Difference between Assets and Liabilities | # |
