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Finance Vocabulary

Personal finance Vocabulary

TermDefinition
Income Money received from work, investments, or other financial support.
Mortgage House payment
Fixed Expenses An expense that will be the same total amount regardless of changes. :Mortgage, car payment, etc.
Non-fixed expenses Expenses that will change. :Gas, food, birthday party's,etc.
Minimum wage Lowest wage permitted by law, in the U.S. it is $7.25.
Wage/Salary Terms for one's work-related earnings
Budget A plan for spending money
Expenses Financial obligations such at bills
investments the action or process of investing money for profit
Risk and Return for investments, the higher the risk, the higher the return. The more you invest the more you can possibly get in return
Savings Money set aside for later use for emergencies
Debt Money owned
Interest Percent that has to be payed back+loan
Loan A sun of money must be payed over time
Lender An individual, bank company, who loans money
Created by: user-1817111
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