Personal Financial Literacy Vocabulary

Front

What is a charge paid to a lender for borrowing money?

Back

Interest

Front

What do you call the amount you pay to get something?

Back

Cost

Front

What term describes the knowledge, skills, and abilities of a person or group?

Back

Human Capital

Front

What is money that a bank allows you to use, which must be paid back with interest?

Back

Credit

Front

What do we call using money to buy goods or services?

Back

Spending

Front

What is the money you earn from working?

Back

Income

Front

What do you call the money saved in a bank account?

Back

Savings

Front

What is a plan for how to spend and save money?

Back

Budget

Front

What is the term for money given to someone without expecting repayment?

Back

Gift

Front

What do you call a card that allows you to borrow money to make purchases?

Back

Credit Card