Identifying Income and Expenses: Vocabulary quiz

Money that a person or household earns from work, investments, or other sources.​ (a)  

• Income
• Expense
• Debt

The money that a person or household spends on goods, services, and bills.​ (a)  

• Expenses
• Income
• Savings

A plan that outlines how much money is earned( income) and how much is spent (expenses) over a certain period.​ (a)  

• Budget
• Loan
• Savings

Money that is set aside and not spent, usually to achieve a specific goal or for emergencies​ (a)  

• Savings
• Expenses
• Debts

Using money to buy something with the expectation that it will grow in value or provide income in the future.​ (a)  

• Investment
• Donation
• Gambling