Junior Achievement Vocabulary

Fill in the blank: _______ are things you're good at doing right now (skills you have practiced).

• abilities

• hobbies

• interests

• goals

Fill in the blank: _______ is when you borrow money to buy something now and promise to pay it back later.

• credit

• savings

• investment

• donation

Fill in the blank: _______ is using money that's already in your bank account to pay for things.

• debit

• credit

• loan

• mortgage

Fill in the blank: _______ is money you spend on things you need or want, like food, clothes, or entertainment.

• expense

• income

• savings

• investment

Fill in the blank: _______ is the total money you earn before taxes or other deductions are taken out.

• gross pay

• net pay

• disposable income

• savings

Fill in the blank: _______ is money you receive, usually from a job or allowance.

• income

• expense

• debt

• loan

Fill in the blank: _______ is money the government collects from what people earn at their jobs.

• income tax

• sales tax

• property tax

• inheritance tax

Fill in the blank: _______ are things you enjoy doing or learning about.

• interests

• chores

• duties

• obligations

Fill in the blank: _______ are things you must have to live safely and healthily.

• needs

• wants

• desires

• luxuries

Fill in the blank: _______ is the money you actually get to keep after taxes and deductions are taken out.

• net pay

• gross pay

• taxable income

• total earnings