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Leadership vocab
Term | Definition |
---|---|
Zero-based budget | a method that has you allocate all of your money to expenses |
Fixed Expenses | cost the same amount on a routine basis. |
Variable Expenses | production output or sales |
Income | money received, especially on a regular basis, for work or through investments. |
Need | because it is essential or very important. |
Want | to feel a need or a desire for; wish for |
Disposable Income | available to be spent or saved as one wishes. |
Financial Plan | their short- and long-term monetary goals |
Assets | a useful or valuable thing, person, or quality |
Liabilities | the state of being responsible for something, especially by law. |
Net Worth | minus the total of all of your liabilities |
Capital | the money used to build, run, or grow a business |
Surplus | an amount of something left over when requirements have been met; an excess of production or supply over demand. |
Budget | a usually leather pouch, wallet, or pack |