Personal Financial Literacy

Front

What does it mean to pay money back with "interest"?

Back

You have to pay back the money PLUS an additional amount.

Front

What is the term for work humans do, both physical and mental, used in the production of goods and services?

Back

Human resource.

Front

What does it mean to use money for something you want or need?

Back

Spend.

Front

What does it mean to put money aside for future needs or wants?

Back

Save.

Front

What is it called when you borrow money to buy something that costs more than you have?

Back

Credit.

Front

What is the term for the money you earn from working?

Back

Income.

Front

What do we call the money you have left after you pay your bills?

Back

Disposable income.

Front

What is a budget?

Back

A plan for how to spend and save money.

Front

What does it mean to invest money?

Back

To use money to make more money.

Front

What is a loan?

Back

Money borrowed that must be paid back with interest.