Managing your Money

Front

What is an income?

Back

Money you have received/earnt

Front

What is an expense?

Back

When you spend money on something you need or want

Front

Putting money into a savings account and locking it for a period of time is known as…

Back

Term Deposit

Front

What is disposable Income?

Back

Money you can spend after you have paid for your expenses.

Front

Money that you can access at any time is also known as an …… account

Back

Everyday/Chequing

Front

If you earn money for having money in a savings account it is known as…

Back

Interest

Front

What is a transaction?

Back

When you buy or sell something

Front

Can I earn interest on money that I have in a savings account?

Back

Yes, if the account has been set up to earn interest

Front

What is a credit score?

Back

A number between 1 and 1000 that indicates how likely you are to pay your bills on time.

Front

When you put money into one of your accounts it is called a

Back

Deposit