Understanding Personal Finance

Front

A plan for how to spend and save money

Back

What is a budget?

Front

Money that you spend

Back

What does expense mean?

Front

Money you owe to someone

Back

What is debt?

Front

Extra money you pay back on top of what you owe

Back

What is interest on a credit card?

Front

Buying something without thinking

Back

What is an impulse buy?

Front

What does it mean to save money?

Back

Keep it for the future

Front

A card that lets you borrow money to pay later

Back

What is a credit card?

Front

What does financial responsibility mean?

Back

Using money wisely

Front

The money you earn or receive

Back

What is income?

Front

What is a mistake teens make with money?

Back

Spending more than they have