2022 Econ Unit 3: Personal Finance

Budget

• Anything that you might incur an expense for

• Is a spending plan for managing your money that includes income and expenses

• All expenses deducted from income before net pay can result.

• Income after all deductions have been paid.

The type of financial aid provided by the government of corporations that does not need to be repaid.

• Scholarships

• Checks

• Grants

• Finances

A type of financial aid that allows students to work and pay off a portion of their tuition

• Work Study Programs

• Paid Internships

• Employee Compensation Programs

• Scholastic Job Programs

Money borrowed from the government or private organizations that must be paid back

• Internship

• Financial Borrowing

• Loans

• Interest

A set amount of income paid each month

• Income

• Salary

• Hourly Pay

• Deposit

The amount of money paid either monthly or biweekly

• Income

• Salary

• Hourly Pay

• Deposit

A set amount of income determined on how many hours an employee works

• Income

• Salary

• Hourly Pay

• Deposit

An additional amount charged to a loan expressed in a percent

• Career

• Credit Score

• Budget

• Interest Rate

an estimate of income and expenditures

• Career

• Credit Score

• Budget

• Interest Rate

A plan for how to manage your money is called a ?

• income

• budget

• expense

• investment