Financial Literacy Vocab

Which word best fits this definition

Money received, especially on a regular basis, for work

• Income

• Net pay

• Fixed expenses

• Credit Card

Which word best fits this definition

amounts of money that you spend while doing something

• Savings

• Expenses

• Salary

• Interest

Which word best fits this definition a short term loan from a credit card company meant to be paid back later

• Credit Card

• Debit Card

• Discretionary Expenses

• Unit Price

Which word best fits this definition

the amount of money you have available to spend

• Unit Price

• Fixed Expenses

• Income

• Budget

Which word best fits this definition the cost of something in terms of what you cannot use the money for now - the trade off you make

• Interest

• Credit Card

• Budget

• Opportunity cost

Which word best fits this definition a fee you are charged for borrowing money

• Unit Price

• Debit Crad

• Interest

• Salary

Which word best fits this definition the money that one has saved

• Expenses

• Budget

• Opportunity Cost

• Savings

Which word best fits this definition: A financial plan that helps you manage your money, track your spending, and save for future goals.

• A) Budget

• B) Income

• C) Credit

• D) Debt

Which word best fits this definition: The amount of money you owe to lenders or creditors.

• A) Savings

• B) Debt

• C) Income

• D) Budget

Which word best fits this definition: Money set aside for future use, often in a bank account.

• A) Expenses

• B) Savings

• C) Credit

• D) Debt