Georgia Economy 3 Vocabulary Flashcard

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budget

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a tool for planning and keeping track of how much money is saved and how much is spent

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savings

Back

money put away to use or spend at a later time

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career

Back

the job or profession that a person does for a long period of their life

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The payment an employee receives.

Back

salary

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Debt

Back

something that is owed, typically money

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retire

Back

to end a career or cease to work

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How much income someone is likely to earn based on his or her education, skills, and experience.

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earning potential

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Interest

Back

money paid for the use of someone else's money

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Vocabulary Term: expenditure. Definition: any money ______ something. Options: spent on, saved by, earned with, found through

Back

spent on

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Income

Back

money that is earned from work or investments