Personal Financial Literacy Vocabulary

Front

Using money in exchange for goods or services

Back

Spending

Front

Income

Back

Money you earn by working

Front

The knowledge, skills, and abilities of a person or group of people

Back

Human capital

Front

Keeping money so it can be used later

Back

Saving

Front

A charge that is paid to a lender in return for borrowing money

Back

Interest

Front

A card that allows you to borrow money to make purchases

Back

Credit card

Front

Money that is set aside for future use

Back

Savings

Front

The total amount of money earned before any deductions

Back

Gross income

Front

The amount of money left after all expenses are paid

Back

Net income

Front

A plan for managing income and expenses

Back

Budget