Personal Finance Part 1

Money that you earn from working or gain from investments.

• income

• credit

• debt

• personal finance

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

paying for something with money that is borrowed and must be paid back, usually with interest

• credit
• income
• resources
• salary

What is an emergency fund?

• A savings account set aside for unexpected situations.

• A way to invest for retirement.

• Something most people don't need, because emergencies are rare.

• An investment account that can grow over time.

What is debt?

• 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

Everyone makes choices about how to manage his or her money/income from a job. This is also known as what?

• Personal Finance
• Government
• Civics
• Geography

Buy something now and pay for it later. 

• Credit
• Debit
• Investing
• Spending

Which card takes the money out of your account immediately?

• Credit 
• Debit

An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.

• Loan 
• Interest 
• Income 
• Deposit