Personal Finance Review

Front

What does income mean?

Back

ANY money that you earn

Front

What is it called when you are paid by the HOUR? If you work more hours you make more money!

Back

Wage

Front

When you are paid a certain amount for the YEAR no matter how much you work

Back

Salary

Front

When you are paid a percent for every time you SELL something.

Back

Commission

Front

Which is a plan for saving and spending?

Back

budget

Front

Which of these is an example of CREDIT?
Saving $10 every week to buy a bicycle
Selling lemonade to buy a bicycle
Borrowing $10 from a friend that you have to pay back
Getting $10 in a birthday card from your grandparents

Back

Borrowing $10 from a friend that you have to pay back

Front

ANYTHING you spend money on

Back

expense

Front

I borrow money for college, but now I have to pay off my ________

Back

debt

Front

money that is set aside for later use

Back

savings

Front

paying for something with money that is borrowed and must be paid back, usually with interest

Back

credit