Spending and Savings Vocabulary

What is a spending plan?

Which is not an example of an income

• paycheck

• birthday money

• interest on investments

• bills

Which are not an expense

• paycheck

• bills

• car payment

• mortgage

What is the difference of an expense and income?

If net gain is having more income than expenses what is net loss?

If net loss is when you are having less income than expenses what is net gain.

What is a depository institution?

A (a)   is the percentage rate that determines the amount of interest earned.

What do you think it means to pay yourself first?

Which of these is not a savings tool?

• credit card

• certificate of deposit

• savings account

• money market deposit account