L4 - Personal Finance

A card that allows someone to buy something and pay back the money owed later

• Credit Card
• Interest
• Debt
• Fraud
• Loan

Receiving money to be paid back later; can be planned or unplanned

• Borrowing
• Transaction
• Loan Shark
• Mortgage
• Fraud

A list of income and spending over a period of time; an amount of money available

• Budget
• High street bank
• Income
• Identity Theft
• Mortgage

The percentage by which interest is calculated. For example, a loan of £1000 at an interest rate of 5% would incur interest of £50 per year

• Interest Rate
• Risk
• Financial Advice
• Interest
• Identity Theft

Money that is owed – and that is expected to be paid back – by an individual, business or country; it can be manageable or unmanageable

• Debt
• Financial Advice
• Savings Account
• Loan
• Credit Card

A type of money lender; typically charges very high interest rates and operate illegally

• Loan Shark
• Savings Account
• Transaction
• Fraud
• Borrowing

Money we earn or receive from working for a wage or salary or from investing in assets e.g. money in a bank, in stocks and shares, in property

• Income
• Transaction
• High street bank
• Mortgage
• Budget

Advice designed to help people plan decisions regarding money

• Financial Advice
• High street bank
• Risk
• Identity Theft
• Interest Rate

A bank or building society account that pays interest on the money saved in it

• Savings Account
• Loan
• Risk
• Interest
• Credit Card

Money borrowed, usually from a bank or building society

• Loan
• Fraud
• Debt
• Transaction
• Borrowing