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2.1: Build Your Vocabulary
Write a definition for each of the following terms and add it to your personal glossary.
life span
nature of financial planning
budget
spreadsheet
income
expense
fixed expense
variable expense
discretionary expense
pay yourself first
wealth
emergency fund
charity
social responsibility
data analysis
discretionary income
cash flow statement
net worth
asset
liability
net worth statement
liquidity
recordkeeping
legal document
money management software
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