Chapter 11 - payments savings deposits and so on that do...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 11: Recordkeeping 1. recordkeeping: maintaining accurate accounts of your expenses as tools for managing your money. 2. expenditures: amounts of money paid out. 3. budget sheet: an outline of your total monthly expenses, which can help you plan future expenditures and savings. 4. living expenses: amounts spent for food, clothing, utility bills, and so on, that vary from month to month. 5. fixed expenses: amounts for rent or mortgage payments, installment
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: payments, savings deposits, and so on, that do not vary from one month to the next. 6. annual expenses: amounts for real estate taxes, insurance payments, contributions, and so on, that occur once a year. 7. expense summary: a totaling of actual monthly expenses used to compare the amounts spent to the amounts budgeted. 8. emergency fund: money set aside for unpredictable expense, such as medical bills or repair bills....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern