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personalfinanciallit

Personal Financial Literacy

TermDefinition
Budget a plan used to decide the amount of money that can be spent and how it will be spent.
Income money earned from employment, services given or investments.
Expenses the cost of goods and services we buy.
Needs items or activities that you must have in order to live, such as food, water and shelter.
Wants items or activities that you would like to have, but do not need to live, such as, snacks and games.
Money currency used to buy goods and services.
Earn receiving money for work you do or a service you provide.
Savings to put aside money for future needs and wants.
Exceed to go over, to spend more than you have.
Spend to use money for something you need or want.
Created by: ahighland
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