Personal Finance Unit 1 Vocab (Part 2)

Front

Total earnings before deductions.

Back

Gross Pay

Front

A plan for estimating expenses.

Back

Budget

Front

Initial amount deposited or invested.

Back

Principal

Front

Formula for interest?

Back

I=prt

Front

Income remaining after taxes and deductions.

Back

Net Pay

Front

Valuable item that retains or increases value over time.

Back

Asset

Front

Money owed for a purchased product or service.

Back

Debt

Front

Purchases that add comfort and pleasure.

Back

Wants

Front

Paying with a debit card can allow you to add money to the bill and receive change.

Back

Cash Back

Front

A paper attached to a paycheck showing earnings and deductions.

Back

Pay Stub