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WorksheetsPersonal Finance
Total questions: 18
Worksheet time: 9mins
A valuable resource that is owned by a person, company, or government in order to get an economic benefit.
asset
equity
income
budget
A plan of your expected income and how you will use it to meet your expected expenses over a period of time
income
budget
plan
statement
Expenses that are essential for you to be able to live and function
wants
cost of living
needs
variable expenses
To sign the back of a check made out to you so it can be cashed or deposited
signature line
endorse
cash
A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
maintenance
annual percentage (APR)
insurance
interest
To compare your bank's monthly account statement with your own records of activity for the same account
balance
negatives
reconcile
transactions
Money you put into your account
deposit
balance
income
expense
A set amount you are paid for every hour that you work; also called hourly pay
hourly rate
scale
revenue
credit
A measurement of your assets minus your liabilities is ____________.
spending money
net worth
liabilities
payments
The amount of money you have in your bank account
balance
deposit
income
credit
A fixed amount that you are paid over a period of time, regardless of how many hours you work
budget
revenue
wage
salary
Items or services you pay for such as rent, groceries, entertainment, bills, etc.
credits
expense
liability
revenue
The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare; often used when comparing how expensive it is to live in one city versus another
cost of living
reason for being
sweat equity
personal interests
A monthly fee that some banks charge to provide access to checking or savings accounts
maintenance fee
overdraft fee
insurance premiums
baseline accounts
Protects the deposits of customers against loss up to $250,000 per account
FDIC insurance
life insurance
home insurance
renters insurance
A card that is directly connected to your checking account; to make purchases instead of using cash
Debit Card
Savings Card
Apple Pay
Google Pay
A card that allows the holder to make purchases without cash by borrowing money
Credit Card
Debit Card
Apple Pay
Google Pay
An automatic electronic deposit of net pay to an employee's designated bank account
Direct Deposit
Reverse Deposit
Debit
Credit Reversal
