unit2

1. What does it mean if someone is affluent?

Rich and has a lot of money

2. What is a budget used for?

To plan how to use money

3. A cheapskate is someone who...

Hates spending money

4. What is credit in a financial sense?

Borrowed money you must pay back

5. If you are in debt, what does that mean?

You owe money

6. What is disposable income?

Extra money after paying bills

7. A strong economy means...

Businesses are doing well

8. An entrepreneur is someone who...

Owns and starts businesses

9. What is a fair deal?

Everyone gets a good result

10. What is an impact on the economy?

A strong effect or change

11. What is a loan?

Money you borrow and must repay

12. If you make ends meet, you...

Have just enough money to live

A materialistic person...

Cares more about things than people

14. What does “my treat” mean?

I’ll pay for it

15. A nest egg is...

Money saved for the future

16. If something is on the house, it is...

Paid by the owner

17. What is profit?

Money you earn after costs

18. To sacrifice something means...

To give it up for something more important

If you save up for a phone, you...

Put money aside to buy it later

20. What does snowball mean in finance?

To grow quickly over time

21. To splurge means...

To spend a lot on something special

22. What does stability in the economy mean?

Things stay steady and safe

23. In a contract, terms are...

The rules and conditions agreed on

24. A thrifty person...

Spends money wisely

25. Something has value if...

It is useful or important