Chap. 3 Flashcards
(8 cards)
0
Q
Cash flow statement
A
A summery that shows total income and spending for given time period
1
Q
Budget
A
A written cash flow plan
2
Q
Carbon check
A
Copy of check u write
3
Q
Envelope system
A
Series of envelopes divided into sections
4
Q
Impulse purchase
A
An item that’s bought with no plan
5
Q
Overdraft
A
Happens when u barrow too much and goes below zero
6
Q
Reconcile
A
Match bank statement with checks
7
Q
Zero based budget
A
A cash flow plan that assigns an expenses to every dollar in your income
