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Finance Vocab
Finance Vocabulary
Question | Answer |
---|---|
What is money you make called? | Income |
Hanging onto your money for a future use instead of spending it. | Saving |
Pay out (money) in buying or hiring goods or services. | Spending |
An example of this is depositing money in a bank or by buying a bond or stock in a company | Investing |
When a customer obtains goods or services before payment, based on the promise that payment will be made in the future. | Credit |
The opposite of spending | Saving |
Using your money to try to make more money | Investing |
What is a salary or money you make at job called? | Income |
CARS and HOUSES are usually bought using this because no one has CASH for such large purchases. | Credit |
Consumers do this with their money. | Spend |
An example of this is buying real estate (a home or business building) | Investing |
If you don’t pay the bank back, you might not be able to buy something using this in the future | Credit |
This is what you create to help guide and or track your spending. | Budget |
Going to the store and purchasing something without paying cash or a debit card means you have used this. | Credit |
Going to Sonic and purchasing a large grape slushie and chili cheese tater tots is an example of this. | Spending |
Buying a house is an example of this. | Investing |
Writing down what you plan to spend your money on is an example of this. | Budget |
Putting money aside to use for another time is an example of this. | Saving |