4 Budgets & Balance Sheets

People should begin planning for retirement at age?

Liquid assets are those possessions that can be easily converted to.

Which of the following are commonly used as investments for Section 529 College Plans?

Money received from different sources

An object or home that could be sold for market value?

Financial assets that are either cash or can be quickly converted to cash.

Involves the issuer agreeing to pay interest to the buyer

The difference in what you forecast to happen & what actually happens.

Certificates that represent fractional ownership of a firm.

involves investing in financial assets from many different companies

This means ownership in something.

Its value is determined by the worth of the firm that issued it

Which is NOT a personal goal you should plan for?

Which of the following in NOT a fixed expense

Most companies have millions of shares of these

A forecast of future cash flow and outflows

Certificates that promises to repay a certain amount of money in the future.

Something you acquire with the ultimate goal of making money.

Market value refers to what something would be worth if you _____________.

a certificate that functions like an IOU?

Items of value that a person owns.

The process of planning all aspects of your personal finances is know as

The legal process in which a court takes over finances when you are unable to pay your bills

Homes, rental property, and farms are all examples of ______________.

A financial plan does NOT include

Requires a greater minimum investment

Giving up the opportunity to do something else with money.

Is the difference between your assets and liabilities.

Which of the following is NOT a common type of investment?

Insurance helps manage your exposure to

The defining characteristic of a liquid asset is its ____________.

A loan to be paid back at a maturity date

A certificate representing fractional ownership of a company?

Which of the following is a key component to risk management?

A variety of financial assets managed by a professional?

Money pooled so investors can invest in financial assets from many different companies

Anything on which we spend money.

Goals you plan on accomplishing with in the next year.