Money management Flashcards
(14 cards)
an amount of money spent, as a whole or on a particular thing.
Expenditure
the amount of money a person earns during a year.
Income
using money in hopes of gaining more in the future by lending to
businesses in exchange for a share of profits.
Investing
setting aside income for future use.
Saving
the amount a person purchases.
Spending
A plan for spending
Budget
a legal proceeding involving a person or business that is unable
to repay outstanding debts.
Bankruptcy
an amount of money loaned to a person that must be paid back along
with additional interest.
Credit
an amount of money borrowed by one party from another party.
Debt
include purchasing a home (mortgage), advancing
education, starting or expanding a business, and fulfilling dreams
Acceptable uses of debt
an additional amount you pay to use borrowed money.
Interest
include having to make payments on a loan even
when you are not financially able to make the payment.
Associated risks of debt
the effect that an event, policy change, or market trend
will have on economic factors such as interest rates, consumer confidence, stock
market activity, or unemployment.
Economic impact
Revenue
Income
