Personal Finance

 financial debts or obligations

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

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

the cost of goods or services; money paid out

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

the financial decisions an individual or family makes in order to earn, budget, save, spend, and give money over time

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

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

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

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

a person or organization that uses a product or service

 the additional cost a lender charges for borrowing their money

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

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

 money owed to another person or company

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

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