Personal Financial Literacy

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

• credit

• debit

• profit

• budget

A plan for spending money over time is called a -

• earn

• deposit

• dime

• budget

To put money in a bank account for savings or to spend at a later time.

• withdrawal

• deposit

• consumer

• credit card

fee charged for borrowing money or money earned from the amount you have in savings, always calculated as a percentage

• interest

• taxes

• fixed expenses

• income

The total amount of income generated by the sale of goods and services.

• interest

• profit

• revenue

• loan

Allow the use of something with the understanding that it will be returned.

• steal

• lend

• borrow

• distribute

Expense that is consistent (and does not change) from month to month.

• variable expenses

• budgeting

• fixed expenses

• bills

The total amount earned from the sale of goods/services minus the expenses.

• net income

• payroll tax

• profit

• needs

The act of taking money out of an account.

• lending

• borrowing

• deposit

• withdrawal

An account that money is stored and accessed safely.

• Checking account

• Robucks

• Savings account

• Credit card