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