Follow the Money Flashcard

Front

What are "expenses"?

Back

Things or services that you pay for.

Front

What does "issue" mean in this context?

Back

To give something out.

Front

What is "profit"?

Back

The money you have after selling a product and subtracting what you spent to make it.

Front

What does "rely" mean?

Back

To depend on someone or something.

Front

What is "income"?

Back

The money a person earns from working.

Front

What is a "financial plan"?

Back

A strategy for managing income and expenses.

Front

What does "budget" mean?

Back

A plan for how to spend money.

Front

What is a "transaction"?

Back

An exchange of goods or services for money.

Front

What does "savings" refer to?

Back

Money that is set aside for future use.

Front

What is "debt"?

Back

Money that is owed to someone else.