46 Chapter 2 Making Smart Decisions
Checkpoint 2.1
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2. What are some possible ways to increase your income?
3. What are some possible ways to reduce spending?
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Build Your Vocabulary
As you progress through this course, develop a personal glossary of
personal finance terms and add it to your portfolio. This will help you build
your vocabulary and prepare you for a career. Write a definition for each of
the following terms and add it to your personal finance glossary.
budget
income
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philanthropy
cash flow statement
net worth statement
asset
liability
wealth