Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

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.
Didn't know it?
click below
Knew it?
click below
Don't know
Remaining cards (0)
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

Managing Your Money

Budget A careful record of all the money you earn and spend
Disposable Income The money that remains after all the taxes on it have been paid (people usually pay for necessities first)
Discretionary Income The money remaining after paying for necessities (used to satisfy wants)
Revenue The income generated from sales of goods or services, the money you earn
Expenditures The money you spend on everything, including what you choose to save
Balanced Budget The amount of money you have left over after you subtract all your expenses
Budget Surplus More income than expenses (more money)
Budget Deficit More expenses than income
Credit Borrowing money to pay for something now while promising to repay it later
Principal The actual amount borrowed
Interest The cost of borrowing money
Debt The total amount owed (principal + interest)
Installment Debt Repayment of the debt in equal increments over time (usually used when paying for a house, car, or other large purchases)
Regular Charge Account Full amount is due at the end of a 30 day period
Revolving Charge Account Allows you to keep making purchases even if you have no paid off the previous month's bill (the balance builds up & rolls over to the next month)
4 C's of Credit Credit History - do you pay back your money on time Capacity to Pay - How much money you earn Character - criminal background, education Collateral - what do you own that could be sold
Annual Percentage Rate The annual cost of credit expressed as a percentage of the amount borrowed
Debit Card Not a loan, cashless payment transferring funds from your bank account to the store
Created by: livilou541



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:
restart all cards