Ch.8 Outline By John F

Preparing A Budget- The next step toward achieving your financial goals is to prepare a budget. A Budget is spending and saving plan based on your expected income and expenses. In budget, money coming in must equal money going out .

Visualizing your Future- For many people, just keeping track of what you receive and how you spend it makes a difference.

Income and Expense Records-Your W-2 form show the money earned and deductions taken from your paycheck during the year. The W-2 forms also state the amount of taxes, including social security taxes.

A contract is a legally enforceable agreement between two or more people

A warranty, also called a guarantee, is a statement assuring quality and performance of a product or service.


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