Income Savings Revision

Credit Cards, Hire purchase and a Bank Overdraft are all types of

More income than expenses is called a

Examples of income transferred from others include

Disposable income is

Higher expenses than income is called a budget ....... (best answer)

A name given to - a reward for saving and a cost of borrowing

Money that a person or household receives is called

With you money you have 2 main choices - they are;

Income recieved for service provided is a

A plan of expected income and spending is called a

Real Estate agents earn commisions when they sell a house

Income received by writers and entertainers for the sale of books, music etc is called

Physical iteams we can touch, handle or see and are usaully bought and sold are called

Limits on income are (choose best answer)

Payments recieved when you allow someone else to use your money is called

A charge made for the use of land or property is

Using up of goods and services is called

Income can be gained from (select best answer from below)

Saving is most simple defined as

A benefit to an employee that is over and above usual income is a

Income recieved by a owner of a business for risk taking and management is called