Financial Planning for Generation X & Y Women
 
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Glossary of Financial Terms

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Variable Expenses
Costs that change in proportion to an activity or use. Examples include food, transportation, clothing, education, medical, and utilities.
Vested
The amount of time you must work before earning a non-forfeitable right to your accrued benefit. When you are fully “vested,” your accrued benefit will be yours, even if you leave the company before reaching retirement age.