Personal Finance

the work a person does

• labor
• income
• salary
• resources

money earned

• salary
• income
• purchase
• spend

the amount of money a person can earn by being self-employed or by doing a job for another person or business

• salary
• scarce
• interest
• lend

to obtain by paying money for an item or a service

• income
• purchase
• saving
• salary

to let someone else use your money and they will need to pay you back

• human capital
• borrow
• lend
• interest

paying for something with money that is borrowed and must be paid back, usually with interest

• credit
• income
• resources
• salary

a required contribution to the state and federal government; money paid to the government

• tax
• donate
• spend
• loan

money that you earn from working

• interest
• occupation
• wage
• income

yearly amount that you get paid

• interest
• wage
• salary
• saving

What is the difference between needs and wants?

• needs=other things
  wants=survival
• needs=survival 
  wants=other things