Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Basic Personal Finan

Basic Personal Finance Terms

TermDefinition
The amount of money you earn. This can come from a job or investments. It is limited. Income
Money earned per hour in exchange for your physical or mental labor Wage
Fixed amount of money earned per day, month, or year in exchange for your physical or mental labor Salary
Giving money in order to receive a good or a service Spending
Things you must have to survive Needs
Things you would like to have to raise your standard of living Wants
A spending plan Budget
Long term plan on how you are going to use your money (kind of like a long term budget) Personal Money Management Plan
Fancy word for putting money somewhere in your budget Allocation
Money put away to be used later Savings
Borrowing money and promising to pay it back later with interest added. Can be a loan or credit cards Credit
Fee paid for the use of borrowed money Interest
A yearly rate that determines how much interest you will pay for loans Interest Rate
Allowing others to use your money in return for giving you interest Investing
Someone who takes on personal risk to start a business Entrepreneur
The least amount that you are required to pay on a debt Minimum Payment
A fee paid when you pay a bill after the due date Late Fee
Created by: Shaver
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards