1. Liquid Assets: cash and items that can be quickly converted to cash
2. Real Estate: land and any structures that are on it, such as a house or other building that a person or family owns
3. Investment Assets: include retirement accounts and securities such as stocks and bonds
4. Net Worth: the difference between the amount that you own and the debts that you owe
5. Personal Financial Statement: a document that provides information about an individual's current financial position and presents a summary of income and spending
6. Take Home Pay: net pay (the amount of income left after taxes and other deductions are taken out of your gross pay
7. Market Value: the price at which a property would sell
8. Budet Variance: the difference between the budgeted amount and the actual amount that you spend
9. Surplus: extra money that can be saved, depending on a person's financial goals and values
10. Insolvency: a financial state that occurs if liabilities are greater than assets
