Personal Finance Vocabulary

Front

Budget

Back

plan for saving and spending

Front

Depreciate

Back

Loss of value on a capital equipment

Front

Security Deposit

Back

$ paid to a landlord

Front

Contract

Back

Legal binding agreement

Front

Tax

Back

required payment to various governments

Front

IRS

Back

Agency in charge of taxes

Front

Should you have a budget?

Back

Yes

Front

Net Salary is

Back

The money you actually take home

Front

Gross Salary is..

Back

Salary pre-tax