Page 95 - Book3E

Monthly Tracking Form: a budget form that will help you keep track of all the money you spend in a month, including any unexpected expenses and any periodic expenses you had forgotten to include in your monthly budget.
Murphy’s Law: a popular adage in Western culture that broadly states that things will go wrong in any given situation, if you give them a chance.
Negative Cash Flow: your financial status when you spend more than you make.
Positive Cash Flow: your financial status when you spend less than you make.
Power Payments: extra payments made in addition to scheduled payments that accelerate the pay-off of a debt.
Prosperity: the condition of being successful or thriving; economic well-being.
Single-income Family: a family with only one wage earner.
Standard Living Expenses: minimum amount of money required to provide necessities, comforts, or luxuries held essential to maintaining a person or group in customary or proper status or circumstances.
Term Insurance Policy: provides insurance coverage for a limited period of time; if the insured dies during the term, the death benefit will be paid to the beneficiary.
Two-income Family: a family with two wage earners.
Variable Expenses: bills that are paid every month but the amounts
due are not always the same.
Yearly Financial Tracker: a form used to give you a complete picture of your annual financial situation.
Glossary 87