S2 Review

Money that you earn from working or gain from investments

• income

• credit

• spending

• budget

Buying something now and paying for it (plus interest) later

• income

• credit

• spending

• budget

Trading money in exchange for goods or services

• income

• credit

• spending

• budget

A plan for saving and spending income

• income

• credit

• spending

• budget

Which of these is the best way to ensure you have enough money for all that you need like food and housing?

• Plan for expenses using a budget

• Buy everything with a credit card and pay later

• Put a large portion of income toward investments

Money set that is set aside for later use, often for a large purchase or an emergency

• Saving

• Interest

• Debt

• Investing

when you have spent more money than you have; the state of owing money

• Saving

• Interest

• Debt

• Investing

Putting money to use in something that offers potentially profitable returns such as stock or real estate

• Saving

• Interest

• Debt

• Investing

A fee paid for the use of borrowing money

• Saving

• Interest

• Debt

• Investing

Where is the safest place to keep the income you earn?

• In a savings account at the bank

• In cash at your home

• Spent on investments