Personal Finance Key Terms

How you manage your money.

• Personal Finance

• Spending

• Budget

• Income

Money that you earn from working or gain from investments.

• Income

• Saving

• Spending

• Debit Card

Trading money for exchange of good and/or services.

• Spending

• Budget

• Interest

• Debt

A plan for saving and spending income.

• Budget

• Saving

• Income

• Spending

Buying something now and pay (plus interest) later.

• Credit

• Spending

• Debt

• Income

Money that you set aside for later use, often for a large purchase or emergency.

• Saving

• Spending

• Investing

• Interest

Putting money to use in something that offers potentially profitable returns.

• Investing

• Interest

• Income

• Credit

The money borrowed (but has not been repaid) from when you have spent more than you have; the state of owing money.

• Debt

• Income

• Credit

• Interest

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A fee paid for the use of borrowing money. The cost of borrowing money.

• Interest

• Debt

• Income

• Personal Finance

A small plastic card issued by a bank, allowing a person to purchase goods and/or services on credit.

• Credit Card

• Debit Card

• Credit

• Debt