Personal Finance
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt Play1/14
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai | Chat |
|---|
No analytics yet
Send a link to your students to track their progress
15 Terms
Personal Finance
all financial decisions an individual or family must take in order to earn budget, save, spend, and give money over time
Consumer
A person or organization that uses a product or service
Debt
money owed to some or a company
Paycheck to paycheck
expression used to describe a person who’s income is always being spent
credit
granting of a loan and creation of debt
interest rate
percentage that lender charge for use of money
loan shark
person that charges interest above the legal rate
interest
additional cost a lender charges for borrowing money
zero balance budget
personalized roadmap that details your current money situation and long term and short term goals
financial plan
a plan of action that allows a oer5son to meet not only their immediate needs and long term goals
networth
the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
asset
anything owned by an individual, including money in the bank or investments
liability
financial debt or obligations
positive networth
dollar value of a person’s assets is greater than the value