WorksheetsPersonal Finance - Saving & Budgeting
Total questions: 20
Worksheet time: 10mins
Interest paid on an investment and on any interest previously earned.
compound interest
simple interest
liability
asset
An obligation to repay borrowed money.
debt
promise
asset
expense
Money put into an account intended for growth.
assets
liabilities
simple interest
investments
All the money decisions a person or family makes including earning, budgeting, saving, spending, and planning for the future.
budget
expenses
personal finance
scarcity
Anything of value that is owned by an individual.
liability
asset
credit
debit
The granting of a loan and the creation of debt.
credit
debit
expense
compound interest
A federally recognized, tax-exempt organizations such as a church, hospital, charity, or school that serves the public in some capacity.
consumer
scarcity
profitable organization
nonprofit organization
The charge for borrowed money generally defined as a percentage; also, the earned interest on money you save or invest.
principal
time
interest
balance
The cost of goods or services.
liability
expense
consumer
budget
An unlimited amount of wants but limited resources.
bankruptcy
consumer
banker
scarcity
A monthly plan for how you are going to save and spend your income.
expenses
credit
budget
liability
Interest paid only on the principal investment.
compound interest
simple interest
principal interest
time interest
A person or organization that purchases a product or service.
purchaser
buyer
consumer
manager
The amount of money you should have in your emergency fund.
$100
$300
$500
$700
Anything you owe; a debt
liability
asset
credit
bill
The total value of a person's assets (things owned) minus the liabilities (things owed); may be a positive or negative dollar amount
personal value
net investments
personal worth
net worth
The process of putting money into an account
ATM
deposit
withdrawal
overdraft
Occurs when money is withdrawn from a bank account and the available balance goes below zero.
overpayment
overdraft
underpayment
underdraft
The condition of having unlimited wants but limited resources is known as:
scarcity
global demand
consumerism
budgeting
Personal finance is about ________% behavior and ________% head knowledge.
30, 70
20, 80
70, 30
80, 20
