Personal Finance - Saving & Budgeting

Interest paid on an investment and on any interest previously earned.

• compound interest

• simple interest

• liability

• asset

An obligation to repay borrowed money.

• debt

• promise

• asset

• expense

Money put into an account intended for growth.

• assets

• liabilities

• simple interest

• investments

All the money decisions a person or family makes including earning, budgeting, saving, spending, and planning for the future.

• budget

• expenses

• personal finance

• scarcity

Anything of value that is owned by an individual.

• liability

• asset

• credit

• debit

The granting of a loan and the creation of debt.

• credit

• debit

• expense

• compound interest

A federally recognized, tax-exempt organizations such as a church, hospital, charity, or school that serves the public in some capacity.

• consumer

• scarcity

• profitable organization

• nonprofit organization

The charge for borrowed money generally defined as a percentage; also, the earned interest on money you save or invest.

• principal

• time

• interest

• balance

The cost of goods or services.

• liability

• expense

• consumer

• budget

An unlimited amount of wants but limited resources.

• bankruptcy

• consumer

• banker

• scarcity