Personal Finance Vocabulary

Income

Budget

Credit

Debt

Money paid by an employer to an employee for their labor / service.

Money paid for a specific event or percent sold.

The lowest amount an employer can legally pay.

Money set aside for future use.

Money paid to a person for a specific job, event, or product.

Money paid by an employer to an employee.

The lowest amount of money an employer can pay.

Money a person owes to another person.

Create a plan for saving money.

Cover one's basic needs

To create debt

To pay extra interest.

Expenses

Savings

Credits

Wages

True

False

Money you have borrowed and need to pay back

Money you make from working at a job

Money you make from the government

Taxes that you pay when you buy something

Income

Salary

Hourly Pay

Deposit

To make sure you have enough money to spend and save

To be able to have the most expensive items

To buy as much as you can on credit

To invest all your money