Personal Finance Vocabulary

If you did not have the money on hand to pay for something you might use this to purchase it with the promise to pay it later.

• Debit Card

• Credit Card

• Social Security Card

• Lay Away Card

APR stands for what?

• Awesome People Rock

• Annual Pursuit Rebate

• Annual Percentage Rate

• Automatic Percent Reduction

income

• money that you earn

• money that you spend

• money that you save

fund

• money that people lost

• money that bank has

• money set aside for a specific purpose

the amount of money you are paid after all the deductions are subtracted

• Gross pay

• Net pay

• Overtime pay

Disposable income

• Income after all deductions have been paid

• Income before all deductions have been paid

• I don't know. Leave me alone!

• Income left over after all expenses are paid.

The total wealth of an individual, company or household, taking account of all financial assets and liabilities is known as their ___ _____.

• net worth

• income tax

• gross pay

• mortgage

The amount of money earned before any deductions or taxes are taken out is the _____ ___.

• credit

• gross pay

• income tax

• net pay

______ ___ is a tax taken out of an employee's earnings.

• mortgage

• hourly wage

• income tax

• salary

A ______ ____ has the condition that cardholders pay back the borrowed money, plus any applicable interest, as well as any additional agreed-upon charges, either in full by the billing date or over time.

• credit card

• debit card