Finance Vocabulary
A plan for how to spend and save your money.
Budget
What is the biggest expense for many young adults?
Food
Medication
Entertainment
Food
Money you earn from work or other sources
Income
What are the two main components of a budget?
Income and Expenses
Extra money added to prices that goes to the government
Taxes
Money that you owe to someone else
debt
An agreement that allows you to borrow money to make purchases, which you will pay back later.
Credit