Personal Finance

A valuable resource that is owned by a person, company, or government in order to get an economic benefit.

• asset

• equity

• income

• budget

A plan of your expected income and how you will use it to meet your expected expenses over a period of time

• income

• budget

• plan

• statement

Expenses that are essential for you to be able to live and function

• wants

• cost of living

• needs

• variable expenses

To sign the back of a check made out to you so it can be cashed or deposited

• signature line

• print

• endorse

• cash

A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card

• maintenance

• annual percentage (APR)

• insurance

• interest

To compare your bank's monthly account statement with your own records of activity for the same account

• balance

• negatives

• reconcile

• transactions

Money you put into your account

• deposit

• balance

• income

• expense

A set amount you are paid for every hour that you work; also called hourly pay

• hourly rate

• scale

• revenue

• credit

A measurement of your assets minus your liabilities is ____________.

• spending money

• net worth

• liabilities

• payments

The amount of money you have in your bank account

• balance

• deposit

• income

• credit