FACS AR Unit 7 Personal Finance

a written order directing a bank to pay money as instructed from a particular account

• check

• advertising

• debit card

• credit card

a record of deposits to and withdrawals from a checking account

• check register

• check

• deposit

• debit card

comparing products and prices in different stores before making a purchase

• comparison shopping

• checking account

• shopping

• research

an arrangement that allows consumers to buy goods or services now and pay for them later

• credit

• debit

• deposit

• withdraw

to add money to an account

• deposit

• withdraw

• check

an orderly program for spending, saving, and investing the money you earn to achieve desired goals; also called a budget or spending plan (this is also called a budget)

• financial plan

• spending record

• online shopping

set costs that must be paid such as rent, insurance, and car payments

• fixed expenses

• flexible expenses

Costs that do not stay the same such as utilities, clothes, and food

• fixed expenses

• flexible expenses

money received that is available to spend and save

• income

• money

• deposit

• withdraw

a goal that requires a considerable time to achieve

• long term goal

• short term goal