1. Deductions that have to be taken out, such as taxes, social security, etc.

1. When you borrow money and have to pay it back.

1. The knowledge, instruments, and techniques used to manage your finances.

1. A type of bank account that allows you to easily make daily transactions, such as deposits and withdrawals.

1. Money coming in

1.  A financial liability or obligation that is owed by one person (the debtor) to another (the creditor).

1. Money paid regularly at a particular rate for the use of money lent, whether it’s the consumer or the bank.

1.  Fixed compensation paid to an employee.  When you earn a salary and your paycheck arrives, it’s for the same amount of money each time.

1.  A card that is used like a credit card, but the money is deducted from the holder’s bank account.

 The amount of income left after all deductions

1.  An individual’s total earnings before any deductions

1.  A plan for your money; A spending plan for your income and expenses.

1. The ability to borrow money with the promise and understanding to pay it back at a later date.

1.  An expense that can be subtracted from taxable income

1.   Compensation paid to an employee based on how much work is done and the number of hours spent working.  Most wages are paid on an hourly rate.

An example of a mandatory deduction?

The money you make before anything is deducted?

If you work for the same amount each month, no matter how many hours you work, you get a

If you earn $10 per hour and work 40 hours, this is what