A person or organization that uses a product or service

Money owed to another person or company

An expression used to describe a person or household whose monthly income is devoted to expenses and has little to no savings

The granting of a loan and the creation of debt; any form of deferred payment

The percentage of principal charged by the lender for use of its money

Person or entity that charges borrowers interest rates above an established legal rate

The additional cost a lender charges for borrowing their money

44% of Americans report they have more than $1,000 in savings.

A plan of action that allows a person to meet not only their immediate needs but also their long-term goals

The amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities

Check all that apply.

Anything that is owned by an individual, including money in the bank or investments

Financial debts or obligations

The dollar value of a person’s assets is greater than the dollar value of their liabilities

The dollar value of a person’s liabilities is larger than the value of their assets

What a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay.

The cost of goods or services; money paid out

The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively