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Personal Finance

Vocabulary

TermDefinition
Personal Finance Making all your financial decisions
Consumer Person who purchases goods or services
Paycheck to Paycheck Spending 80% on debt, with only 20% left for emergencies and living expenses
Credit The ability to borrow money
Interest The price paid for borrowing money
Income Money you earn from labor, or investments
Wallet A flat -sized case holding money, cards etc.
Coins A small flat round piece of metal used as a medium of exchange
Saving Money not spent
Debt Money owed to an individual, or company
Dollars Domestic currency of the U.S.
Interest Rates The percentage one pays to borrow money
Spending To pay out money
Barter To trade one item for another roughly of equal value
Change The difference between the closing price from one day to the next.
Purse Small bag for carrying money
Buy To acquire in exchange for money or its equivalent
Lend To make a loan
Cash Physical currency printed on banknotes and coins
Loan Shark A person who makes illegal loans by charging an extraordinarily high interest rate
Budget A plan for a person's expenditures
Profit The money a business has left after it pays its operating expenses, taxes, and other bills
Money A currency that may be exchanged for goods and services
Checks A document in which the writer orders his/her bank to pay to the receiver of the check a stated amount of money
Created by: user-1780054
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