Personal Finance: Budgeting

Another word for balancing your bank account.

• Register

• Reconcile

• Rational

• Reconnect

These are some of the 5 Foundations of Personal Finance

• Save $100 Emergency Fund

• Get Out of Debt

• Pay Cash for first car

• Get low interest rate for college

Debt is ______________ _____________ to anyone for any reason.

• being nice

• owing money

• paying money

• asking questions

Tags

CCSS.L.4.5B

CCSS.L.5.5B

The value of your assets minus your liabilities is

• net worth

• gross pay

• debt

• credit

An obligation to repay borrowed money

• Credit

• Debt

• Interest

• Liability

Money put into an account intended for growth

• Expense

• Interest

• Credit

• Investment

A monthly plan for how you are going to save and spend your income

• Asset

• Paycheck

• Budget

• Income

Anything of value that is owned by an individual

• Liability

• Asset

• Budget

• Credit

The cost of goods or services

• Liability

• Asset

• Expense

• Debt

Income earned from things you own such as houses, land, etc.

• Salary

• Wages

• Passive Income

• Compensation