Money Management Vocab

money received from work, investments, or other financial support

• savings

• income

• credit

• budget

money owed

• credit

• savings

• debt

• bank

a loan of money

• credit

• liquid

• lender

• savings

a sum of money given for designated period of time which must be repaid

• debt

• loan

• interest

• savings

a percentage of a borrowed sum of money which must be paid in addition to the repayment

of the loan itself

• expenses

• lender

• mortgage

• interest

money which one has on-hand that can be freely spent

• lender

• credit

• interest

• liquid

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

• minimum wage

• lender

• credit

• loan

financial obligations, such as bills

• lender

• loan

• expenses

• commission

money earned as a percentage of a sale or service

• commission

• expenses

• lender

• credit

house payment

• credit

• bank

• mortgage

• liquid