Financial Vocabulary Terms

Front

An item you own that has value

Back

Asset

Front

A financial plan that estimates expenses over a period of time

Back

Budget

Front

An expense whose total amount does not change when there is an increase in activity such as sales or usage.

Back

Fixed expense

Front

Stocks, bonds, and mutual funds

Back

Investments

Front

Money earned or received (often on a regular schedule)

Back

Income

Front

The maximum amount of money you can borrow

Back

Credit limit

Front

The value of the assets owned minus liabilities owed

Back

Net worth

Front

Expense that changes over time due to changes in product price or consumption

Back

Variable expense

Front

Used to pay with money that has been borrowed?

Back

Credit card

Front

Used to pay with money from checking account

Back

Debit card