SS8E3 Explain the principles of effective personal money management.

Front

What is an amount of money spent, as a whole or on a particular thing?

Back

expenditure

Front

The amount of money a person earns during a year?

Back

income

Front

What is using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits?

Back

investing

Front

What is setting aside of income for future use?

Back

saving

Front

The amount a person purchases?

Back

spending

Front

A plan for making and spending money?

Back

budget

Front

What is a legal proceeding involving a person or business that is unable to repay outstanding debts?

Back

bankruptcy

Front

What is the amount of money loaned to a person that must be paid back along with additional interest?

Back

credit

Front

The amount of money borrowed by one party from another party?

Back

debt

Front

What is the additional amount you pay to use borrowed money?

Back

interest