SS7E10 Personal Money Management

Front

Why is a budget an important tool to use for effective personal money management?

Back

It is a plan for spending and saving money.

Front

What is the correct definition for the term credit?

Back

the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Front

What is the correct definition for the term interest?

Back

a fee applied to money borrowed

Front

Which word below WOULD NOT fit in this sentence: The money you earn by having a job is called ___________ and is often called a __________, or wage.

Back

profit

Front

What is saving?

Back

Putting money away for later.

Front

What is the difference between a debit card and a credit card?

Back

A debit card takes money immediately from a bank account. With a credit card you pay later. (plus interest)

Front

Helps make decisions about your income; Saving- spending plan.

Back

Budget