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Personal Finance

Chapters 1 - 2

QuestionAnswer
Finance Managing and making money decisions
Goal something that you want to achieve in life
Responsibility being dependable and accountable for your choices
Financial Responsibility making careful and responsible choices with y our money
Needs things one need to live
Wants thinks you would like to have but do not need to survive
Income money you earn or receive
Expense is money you spend
Budget a plan for how you will earn, save, and spend your money
Savings put money aside for future use
Short-term Goal a goal you can reach within a year
Long-term Goal a goal that may take several years to reach
Borrow money you receive and agree to pay back
Credit using borrowed money and agreeing to pay it back
Interest extra money that may be charged when you borrow money
Created by: user-1781320
 

 



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