Personal Finance Terms

Front

commission

Back

money earned as a percentage of a sale or service

Front

money received from work, investments, or other financial support

Back

income

Front

the lowest wage permitted by law; in the U.S., $7.25 an hour

Back

minimum wage

Front

mortgage

Back

house payment

Front

wage, salary

Back

terms for one’s work-related financial earnings

Front

a plan for spending and saving one’s income

Back

budget

Front

financial obligations, such as bills

Back

expenses

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 savings

Back

money set aside for later use or in case of emergencies

Front

money owed

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debt

Front

a loan of money to be paid back with interest

Back

credit