Personal Finance Vocabulary

Fill in the blank: ______ is anything that is owned by an individual, including money in the bank or investments.

• Asset

• Liability

• Expense

• Revenue

Fill in the blank: A ______ is a person or organization that uses a product or service.

• Consumer

• Producer

• Supplier

• Manufacturer

Fill in the blank: ______ is the granting of a loan and the creation of debt; any form of deferred payment.

• Credit

• Deposit

• Withdrawal

• Investment

Fill in the blank: ______ is money owed to another person or company.

• Debt

• Asset

• Income

• Equity

Fill in the blank: ______ is the cost of goods or services; money paid out.

• Expense

• Revenue

• Asset

• Income

Fill in the blank: ______ is the knowledge and skill base necessary for people to be informed consumers and manage their finances effectively.

• Financial Literacy

• Physical Education

• Culinary Arts

• Art History

Fill in the blank: A ______ is a plan of action that allows a person to meet not only their immediate needs but also their long-term goals.

• Financial Plan

• Shopping List

• Travel Itinerary

• Recipe

Fill in the blank: ______ is the additional cost a lender charges for borrowing their money.

• Interest

• Dividend

• Principal

• Subsidy

Fill in the blank: ______ is the percentage of principal charged by the lender for use of its money.

• Interest Rate

• Loan Term

• Credit Score

• Collateral

Fill in the blank: ______ are financial debts or obligations.

• Liability

• Asset

• Revenue

• Equity