Personal Finances

Front

Things that are necessary to survive.

Back

needs

Front

Money that you earn from working or gain from investments

Back

income

Front

Money you spend (opposite of income.)

Back

expenses

Front

Trading money in exchange for goods or services

Back

spending

Front

Things that are nice to have, but aren’t necessary to survive

Back

wants

Front

Putting money to use in something that offers potentially profitable returns

Back

investing

Front

A plan for saving and spending income

Back

budget

Front

What you give up (like time or money) when you make a choice

Back

opportunity cost

Front

A bank account from which you can write checks and spend money

Back

checking account

Front

A bank account that earns interest for saving money

Back

savings account