personal money mgmt
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| finance | study of ways to manage money
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| budget | a plan for managing money
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| income | is the money that comes in
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| needs | food, water, shelter clothing and transportation are ways to survive
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| wants | is something that is desired but might not necessarily be vital to the persons life
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| expenses | there are two kinds of expenses needs and wants food and housing are needs and clothes and movies are wants
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| spending | when you payout money for something you need or want
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| credit | when you buy something and promising to pay it later
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| interest | when you rent a truck and you bring back the truck you pay a fee for using it
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| saving | when you have extra money and you save it
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| investing | using money to make money
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| loan | a pile of money you promise to pay back
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| debt | when you owe money to the bank
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| opportunity cost | you choose you loose
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| capital | is a pile of money that enables you to get something started
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Created by:
Jackson10
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