Introduction to Personal Finance

All the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time

• Personal Finance

• Financial Literacy

• Consumer

• Loan Shark

A person or organization that uses a product or service

• Personal Finance

• Financial Literacy

• Asset

• Consumer

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Money owed to another person or company

• Credit

• Consumer

• Debt

• Liability

An expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings

• Personal Finance

• Paycheck to paycheck

• Financial Literacy

• Consumer

Debt is the granting of a loan and the creation of debt; any form of deferred payment

• True

• False

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

The percentage of principle charged by the lender for use of its money

• Credit

• Debt

• Interest

• Interest Rate

Tags

CCSS.7.RP.A.3

Loan Shark is a person or entity that charges borrowers interest rates above an established legal rate.

• True

• False

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

The additional cost a lender charges for borrowing their money

• Credit

• Interest

• Interest Rate

• Debt

Tags

CCSS.5.NBT.A.2

A plan of action that allows a person to meet not only their immediate needs but also their long-term goals

• Personal Finance

• Financial Literacy

• Financial Goals

• Financial Plan

The amount by which the value of a person's assets exceeds or falls behind the value of their liabilities

• Net worth

• Credit

• Finances

• Asset