Personal Finance Vocabulary

What is the term for the money you earn from working or investments?

• Income

• Expense

• Debt

• Liability

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Which word describes the amount of money you owe to someone else?

• Asset

• Debt

• Equity

• Revenue

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What is the term for a financial plan that helps you manage your money?

• Budget

• Loan

• Credit

• Investment

Which of the following is a synonym for 'savings'?

• Expenditure

• Deposit

• Liability

• Debt

Tags

CCSS.L.11-12.4A

CCSS.L.7.4A

CCSS.L.7.5B

CCSS.L.8.4A

CCSS.L.9-10.4A

What does 'interest rate' refer to in personal finance?

• The cost of borrowing money

• The amount of money saved

• The total income earned

• The value of an asset

Tags

CCSS.7.RP.A.3

Which term refers to the original amount of money borrowed or invested, excluding any interest or dividends?

• Principal

• Interest

• Equity

• Revenue

Tags

CCSS.7.RP.A.3

What is the term for the process of setting aside money for future use?

• Saving

• Spending

• Borrowing

• Investing

Which word describes the increase in value of an asset over time?

• Depreciation

• Appreciation

• Amortization

• Devaluation

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What is the term for the money you pay regularly to live in a house or apartment?

• Rent

• Mortgage

• Lease

• Deposit

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Which of the following terms refers to a loan specifically for purchasing property?

• Mortgage

• Credit

• Bond

• Lease