Matching Pairs Personal Finance Mix & MatchOnline version Mix and Match these Personal Finance terms by Nakie Keys 1 When expenses are greater than income 2 Measure of financial wealth 3 When income is greater than expenses 4 Everything a person owns with monetary values 5 Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year 6 An individual’s income earned as salary or wages before taxes and other deductions 7 The portion of current income not spent on consumption 8 Money spent 9 payment, usually monthly, applied to the balance of a home loan used when purchasing housing 10 A debt or obligation owed to others Net Worth Mortgage Expense Liability Gross income Savings Net gain Net loss Assets Income and Expense Statement