Personal Financial Literacy Vocabulary

Income

• Money you donate

• Money you earn by working

• Saving for a new nintendo

• I dunno

The amount you pay to get something

• $35

• spending

• cost

• allowance

Work

• labor

• homework

• assignments

• earning money

The knowledge, skills, and abilities of a person or group of people

• workforce

• students

• teachers

• human capital

Money that a bank or institution allows a person to use; must be paid back to the bank in the future, with interest

• credit

• savings

• gift

• income

To get money or goods that will have to be returned from a person or bank

• credit

• bank account

• borrow

• lend

To give money or goods, expecting it to be returned

• Lend

• Gifting

• Borrow

• Credit

A charge that is paid to a lender in return for borrowing money

• Credit

• Interest

• debit

• Lend

Keeping money so it can be used later

• smart

• boring

• saving

• credit

Using money in exchange for goods or services

• credit card

• lending

• spending

• groceries