Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
Personal Finance
(Jael)
| answer | question |
|---|---|
| Personal Finance | All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc. |
| Income | money received, especially on a regular basis, for work or through investments |
| Expenses | the spending of some or all of that money for various needs and wants, such as food, shelter, smartphones, hobbies, and more |
| Fixed Expenses | Expenses that do not change from month to month, such as auto insurance or rent |
| Variable Expenses | Expenses that vary from month to month, such as entertainment, car repairs, or doctor bills |
| Overdraft | Occurs when money is withdrawn from a bank account and the available balance goes below zero |
| Budget | Is a plan for how money will be used. A good budget makes sure the total expenses never exceed the total income |
| Charitable Giving | the act of donating money or time to a cause in which you believe |
| Philanthropy | the act of giving money for charitable purposes |
| Interest | is money paid regularly by the bank to the account holder for money being saved |
| Investment | is money spent on something with the goal of making a profit |
| Financial Investments | involve putting money into things like stocks and bonds as a way to make money in the future |
| Real Investments | involve putting money into something physical like real estate or equipment, like a house |
| Certificate Of Deposit | a savings certificate that gains interest and has a set time before you can withdraw your money |
| Bond | the investor lends money to the government or to a company, with that loan being paid back with interest on a specific date |
| Stock | a share of ownership in a corporation |
| Mutual Fund | put together money from many investors and buys many different stocks and bonds |
| Credit | An arrangement to receive cash, goods, or services now and pay for them in the future |
| Mortgage | a loan used to purchase a home or other real estate |
| Repossession | Taking away property due to failure to make loan or credit payments |
| Credit History | a record of your past borrowing and repayments |
| Credit Score | a number assigned to a person that indicates to lenders a person's ability to repay a loan |
Created by:
joyandrod
Popular Social Studies sets