Financial Literacy Flashcard

Front

Budgeting

Back

Planning how to spend money based on income and expenses

Front

Unforeseen

Back

Not expected or predicted

Front

What is a 'Utility'?

Back

A service such as water, electricity, or gas

Front

Dining out

Back

Eating at a restaurant

Front

Subscription

Back

An agreement to receive a service regularly by paying a fee

Front

Debt

Back

Money owed to someone else

Front

Purchase

Back

The act of buying something

Front

What is considered a 'Luxury'?

Back

Something expensive and not necessary

Front

Forgoing

Back

Choosing not to do or have something

Front

Formulate

Back

To create or develop something in a clear way