Budgeting and Saving Word Scramble
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Term | Definition |
Interest | the fee someone pays to be able to borrow money |
Principal | the sum of money you put into an account; the amount of money you owe on a debt |
Compound Interest | earning interest on your interest |
Rule of 72 | a method for estimating how long it will take compound interest to cause a principal to double |
Budget | an itemized summary of probable expenditures and income for a given period |
Defecit | the amount by which expenditures exceed income |
Fixed Expense | an unchanging expenditure |
Income | money recieved |
Surplus | the amount of money remaining after all expenses have been met |
Flexible Expense | an expenditure that varies |
Created by:
tmikels52
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