Ventures 3, Unit 7 Vocabulary

Front

debt

Back

money that you owe

Front

balance

Back

money in the savings account

Front

afford

Back

ability to pay for something

Front

pay on credit

Back

buy now and pay for it later

Front

loan

Back

money that you borrow from the bank

Front

family budget

Back

a spending plan that a family makes

Front

credit card

Back

a small plastic card that allows you to buy something now and pay for it later

Front

minimum payment

Back

the smallest amount you can pay each month on a credit card

Front

interest rate

Back

the percentage rate % that you pay each month on a credit card balance

Front

debt counselor

Back

a person who helps you solve financial problems