Personal Financial Literacy

Money you receive after taxes

• Gross Income
• Net Income
• Disposable Income
• Discretionary Income

Money you receive before taxes

• Gross Income
• Net Income
• Disposable Income
• Discretionary Income

Expenses that change from month to month

• stable pricing
• fixed expenses
• irrational pricing
• variable expenses

The person who receives the money in the event of your death

• Mom
• Children
• Beneficiary
• Probation Officer

a summary of your credit history

• Credit Report
• Government Report
• Credit Score
• Budget Statement

money paid for the use of money

• interest
• insurance
• collateral
• finance charges

Income you can spend however you want

• Gross Income
• Net Income
• Discretionary Income
• Disposable Income

Insurance that protects people injured in an accident

• renter's
• liability
• comprehensive
• collision

cards that can only be used in a specific store

• credit card
• charge card
• debit card
• Gift Card

card linked directly to your checking account

• charge card
• credit card
• debit card
• loyalty card