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Personal FInancial Literacy Flashcards | StudBud
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Personal FInancial Literacy
Personal FInancial Literacy
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Personal Financial Literacy Vocabulary
Flashcards
14 cards
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Questions
14
Answers
1
Work that a person does
work
labor
overtime
job
2
A plan to help you save money regularly so you can reach your goals
Savings Plan
Bank account
Spending Plan
Budget
3
The amount of money a person can earn by working at a job
income
paycheck
payday
salary
4
Money that is earned
Paycheck
Overtime
Income
Salary
5
The money paid by a borrower to a lender for the use of lender's money
extra money
interested
interesting
interest
6
Something that is produced and used
items
resources
toys
things
7
When another person gives you money that you will need to pay back
credit
lend
borrow
interest
8
Paying for something with money that is borrowed and must be paid back, usually with interest
credit
purchase
borrow
lend
9
You give money to someone else in exchange for something
purchase
spend
buy
borrow
10
When you have to spend money on something that suddenly happened
emergency
planned spending
unplanned spending
vacation
11
A person's knowledge and work skills is called _________________.
skills
resources
salary
human capital
12
Spending what you have planned for in a budget
savings plan
purchase
planned spending
labor
13
Giving money to someone that needs to be paid back
spend
lend
credit
borrow
14
To obtain something by paying money for an item or a service
buy
spend
credit
purchase