Personal Finance Superlative Insight.

Carbon check A copy of each check you write Envelope System Series of envelopes that are divided into categories and are used to store cash for planned monthly expenses Impulse purchase An item that is bought without previous planning or consideration of the long-term effects Overdraft Occurs when money is withdrawn from a bank account and the available balance goes below zero Reconcile To match your bank statement with your checkbook Zero-Based Budget A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero Annual percentage rate Cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan Depreciation A decrease or loss in value