Personal Finance

a plan for how you will spend your money each month

• mortgage

• budget

• lease

• co-sign

buying an item on credit with a monthly plan to pay off the value of the good

• escrow account

• interest rate

• installment plan

• credit score

a long-term loan extended to someone who buys property

• premium

• mortgage

• insurance

• gross pay

money you earn at work before taxes are taken out

• gross pay

• principal

• net pay/ take-home

• interest rate

when you borrow money to buy something

• insurance

• creditors

• premium

• credit

money you owe to someone

• credit

• assets

• debt

• percent

a part of a whole

• percent

• dependents

• exemption

• premium

a person (such as a child) whose food, clothing, etc., you are responsible for providing

• expenditures

• creditors

• debit card

• dependents

money you earn at work after taxes are taken out

• escrow account

• gross pay

• net pay/ take-home

• annual percentage rate

payments to a company where the company promises to pay money if the person is injured or dies, or to pay money if property is damaged or lost, or stolen.

• insurance

• principal

• interest

• debit card