6th Grade Personal Finance Vocabulary

A plan for how much money will be spent on each item that needs to be bought.

• Budget

• Income

• Retirement

• Investment

Money that comes from getting paid for doing work.

• Income

• Interest

• Credit

• Stocks and Bonds

Saving money to be able to stop working. Long-term goal of

many Americans.

• Saving

• Interest

• Budget

• Retirement

Interest that is earned on prior interest.

• Savings

• Budgets

• Credit

• Compound Interests

Items that people want but don’t necessarily need to live.

• Income

• Credits

• Luxuries

• Investments

Borrowing money, must pay interest on the borrowed

amount.

• Credit

• Investments

• Budgets

• Luxuries

A type of investment into companies.

• Saving

• Stocks and Bonds

• Income

• Retirement

A charge that a bank pays to use deposited money.

• Interest

• Stocks and Bonds

• Luxuries

• Income

Putting aside small amounts of money each week or

month in order to make a major purchase in the future or in case of emergency.

• Income

• Interest

• Saving

• Credit

To spend money in the hope of earning more than is spent.

• Retirement

• Credit

• Budget

• Investment