Finance 101

Buying something now and paying for it later

money set that is set aside for later use

the money borrowed, but has not be repaid is called

The lowest wage/salary permitted by law to be paid to an employee; in the U.S. $7.25 an hour

• Minimum Wage

• Income

• Commission

A percentage of a borrowed sum of money that must be paid in addition to the repayment of the loan itself

• Interest

• Loan

• Savings

• Expenses

to give your money to a charity or worthy cause

• loan
• donate
• tax
• spending goal

iphone

• a "want"

• a "need"

Food

• a "want"

• a "need"

If a website doesn't list an author, company name, or specific organization, it's probably a good source

• True

• False

not having enough resources or product

• lend
• borrow
• purchase
• scarce