Money Island Vocab

A set amount of money you are paid each month for your job.

A plan for saving, spending, investing, and sharing.

Money that banks pay people for letting the bank hold their money.

Interest that builds only on the principal of a loan.

Things you want like toys, book, CD's, etc.

Giving money to a person or cause (charity) that is helpful.

Money that is made after a business pays all of its expenses.

Items that are required to live such as food, shelter.

The amount that a person must pay on a credit card to avoid penalty charges.

What credit costs you each year, as a percentage of the loan amount.

Allows a person to pay for goods and services without cash, but repayment is required later.

Original amount of a loan.

Money that you get by sharing your talents, like working at a job.

A person's ability to borrow money.

A valuable item that is owned.

Ownership of part of a company.

Buy assets such as stocks, real estate or a business to make a profit.

Interest that builds both on the principal and the interest.

Money paid for government services such as roads, school, libraries.

Choice to put money aside for emergencies.