Personal Finance Academic Vocabulary

Front

Trading money in exchange for goods or services.

Back

Spending

Front

A small plastic card issued by a bank, allowing a person to purchase goods or services on credit

Back

Credit Card

Front

Financial obligations, such as bills.

Back

Expenses

Front

Money set that is set aside for later use, often for a large purchase or an emergency.

Back

Saving

Front

Buying something now and paying for it (plus interest) later.

Back

Credit

Front

Putting money to use in something that offers potentially profitable returns.

Back

Investing

Front

A fee paid for the use of borrowing money. The cost of borrowing money.

Back

Interest

Front

Money that you earn from working or gain from investments.

Back

Income

Front

A plastic card from a bank. Money for the purchase is immediately transferred from your account to the seller.

Back

Debit Card

Front

How you manage your money.

Back

Personal Finance