WorksheetsPersonal Finance Vocabulary
Total questions: 14
Worksheet time: 7mins
Expenses
The things you spend money on, like food, clothes or bills.
A type of income that you receive monthly.
A financial term for saving money.
A method of investing in stocks.
Income
Money you earn or receive, like a job or gift.
A type of investment that generates returns.
A tax imposed on earnings and profits.
A loan taken from a financial institution.
Needs
Things you must have to live: food, clothes, shelter.
Things you want to have for comfort: luxury items, entertainment.
Things that are optional for a good life: hobbies, vacations.
Things that are harmful to your health: junk food, excessive screen time.
Borrowing
Using someone else’s money (like a bank) with a promise to pay it back later, often with extra money called interest.
Taking money from a bank without any obligation to return it.
Receiving a gift of money from a friend or family member.
Investing money in a business with the expectation of profit.
Investing
Using money to try to make more money, like buying stocks or real estate.
Saving money in a bank account with no interest.
Spending money on luxury items without any return.
Donating money to charity without expecting anything in return.
Spending
Using money to buy things or pay for services.
Saving money for future use.
Investing money in stocks or bonds.
Donating money to charity.
Saving
Putting money aside for later.
Spending money immediately.
Investing in stocks and bonds.
Borrowing money from a friend.
Debit
Money taken out of your bank account when you buy something using a debit card.
A type of credit that allows you to borrow money from the bank.
A fee charged by the bank for maintaining your account.
A method of saving money in a bank account.
Wants
Things you must have to survive.
Things you would like to have but don't need to survive.
Basic necessities for living.
Items that are essential for health.
Debt
Money that you owe to someone, usually because you borrowed it.
A type of investment that generates interest.
A financial term for profit made from sales.
A legal agreement to purchase property.
Credit
The ability to borrow money and pay it back later, often with interest.
A type of loan that does not require repayment.
A financial term that refers to having cash on hand.
A method of saving money for future use.
Budget
A plan for how to spend and save your money.
A document that tracks your income and expenses.
A method for investing in stocks and bonds.
A strategy for reducing debt and increasing savings.
Entrepreneurship
Starting your own business to make money by selling goods or services.
Working for a corporation to earn a salary.
Investing in stocks and bonds for profit.
Providing services without charging a fee.
Tradeoff
Giving up one thing to get something else, like spending money on video games instead of saving for a new bike.
A method of increasing productivity by working harder.
A strategy to avoid making decisions by procrastinating.
A financial term that refers to the total cost of an item.
