HS 101 Final

money owed to another person or company

• Debt

• Credit

• Interest

• Personal Finance

the percentage of principal charged by the lender for use of its money​​​​​​​

• Interest Rate

• Loan Shark

• Credit

• Asset

the additional cost a lender charges for borrowing their money

• Interest

• Asset

• Liabilities

• tax

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

• Net Worth

• Asset

• Expense

• Net Income

anything that is owned by an individual, including money in the bank or investments

• Asset

• Net Worth

• Consumer

• Tax

Personal Finance

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

• a person or organization that uses a product or service

• money owed to another person or company

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

Paycheck to Paycheck

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

• a person or organization that uses a product or service

• money owed to another person or company

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

44% of Americans report they have less than $1,000 in savings

• True

• False

the cost of goods or services; money paid out

• Assest

• Expense

• Liability

• Budget

Reorder the following

• Pay cash for your car

• Build wealth and give

• Save a $500 Emergency Fund

• Pay cash for college

• Get out and stay out of Debt