Unit 1: Personal Finance

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Saving

Back

The money one has saved, especially through a bank or investment plan.

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Investing

Back

Spend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.

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Income

Back

Money received, especially on a regular basis, for work or through investments.

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Budget

Back

A spending plan that accounts for your sources of income, all of your monthly and annual expenses as well as your future needs and possibilities.

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Spending

Back

Pay out (money) in buying or hiring goods or services.

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Entrepreneurship

Back

A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

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Credit

Back

The purchase of goods or services in the present with a promise to pay in the future, with money you still plan to earn.