Budgeting is...

• saving for emergencies and other important things.

• writing a list of personal and financial goals

• managing day-to-day money to pay bills, buy food, save and pay for other essential spending.

• saving for an expensive holiday abroad.

A credit card is...

• a card that has all your income.

• holding all your savings in one place.

• the best way to pay for emergencies.

• a form of borrowing offered by banks, building societies and some specialist firms, that let's users borrow money by paying by card.

An Emergency Fund is...

• when your washing mashine, car or anything breaks and you need to fix it.

• savings that can be used to cover emergencies, such as unexpected spending, loss of income or other unexpected financial problems.

• an unexpected event such as a the death or illness of a relative.

• a credit card for emergencies

Financial Conduct Autority is...

• where you pay your taxes

• giving financial advice to people who need it.

• is a building society that offers a variety of finacial services to customers, such as borrowing products and saving accounts.

• one of the two main regulators of financial services in the UK. It sets rules and standards that providers must meet.

A Mortgage is...

• the yearly official meeting of morticians in the UK.

• a loan to help people buy houses or flats. They are offered mainly by banks and building societies and can last for up to 30 years

• an investment that allows one to increase their net worth.

• a savings account for a house or flat. You can start saving in it as soon as you are an 16.

A personal loan is...

• offered by banks, building societies and some specialist firms. It is usually paid back over a much shorter term than a mortgage.

• a savings account for personal use, where you can save for personal objectives such as going on a holiday.

• a bank account

• a personal objective.

Net income is...

• the amount a person earns after deductions have been taken by the government

• the amount a person earns before tax.

• a person's salary.

• what is left at the end of the month after all the bills have been paid.

Advisers generally suggest an emergency fund between...

• six to nine months of essential expenditure.

• three to six months of essential expenditure.

• nine and twelve months of essential expenditure.

• a year of essential expenditure.

Non-profit-making finacial cooperatives set for the benefits of their members are known as...

• banks.

• building societies.

• credit unions.

• credit cards.

An independent body set by the government to give people financial advice is...

• Citizens Advice

• Money Advice Service

• The StepChange Debt Charity

• The Money Saving Expert.