Vocabulary
True or False
Final Jeopardy
100
Adding or putting money into an account.
Deposit
100
You should always spend more money than you have.
FALSE!
200
Taking money out of an account.
Withdrawal
200
Interest is always a good thing.
FALSE
300
A plan for how to save and spend money.
Budget
300
Fixed expenses include things like rent.
TRUE
400

Something, typically money, that is owed or due.

What is debt?

400
The two parts of a budget are income and outcomes.
FALSE
500

Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

What is an Asset?

500
Variable Expenses change from month to month
TRUE
500

Calculate this by taking the total amount of money and assets you have and subtracting the total amount of money you owe.

What is net worth?

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