PERSONAL FINANCE (PT.1)

Money that you earn from working or gain from investments

• Budget

• Income

• Savings

Trading money in exchange for goods or services

• Spending

• Income

• Credit

A plan for saving and spending income

• Spending

• Investing

• Budget

Buying something now and paying for it (plus interest) later

• Investing

• Credit

• Income

Money left over after buying what is needed and wanted.

• Saving

• Investing

• Credit

Putting money to use in something that offers potentially profitable returns.

• Income

• Savings

• Investing

Credit is a means of buying something now and paying for it later (usually with interest)

• TRUE

• FALSE

Income is money that you earn from working or gain from investments.

• TRUE

• FALSE

A credit card does NOT charge interest, while a debit card does charge interest

• TRUE

• FALSE

Interest is a fee paid to use someone else’s money.

• TRUE

• FALSE