Money & Income
What is the term for money earned from working a job?
What is earned income?
A place where you can deposit and withdraw money.
What is a bank or ATM machine?
What is a plan for managing income and expenses?
What is a budget?
What is money you borrow that must be repaid with interest?
What is credit?
Money put aside for future use
What is savings?
What is human capital?
This is money received without working, such as interest or gifts.
What is unearned income?
What does ATM stand for?
What is Automated Teller Machine?
Expenses that stay the same each month are called what?
What are fixed expenses?
What is the 3-digit number that shows how responsible you are with credit?
What is a credit score?
This principle says money grows over time when it earns interest on both the original amount and previous interest.
What is compound interest?
More education generally leads to what?
Higher earnings and lower unemployment.
The total pay before taxes and deductions is called what?
What is gross income?
The number used to access your debit card safely
What is a PIN number (Personal Identification Number)
Expenses that change each month are called what?
What are variable expenses?
This is the cost of borrowing money, shown as a percentage?
What is interest?
A 401 (k) is what type of financial plan?
A retirement savings plan
What are the four Career Clusters related to Finance?
Business Management, Finance, Marketing and IT
The amount you take home after deductions is call what?
What is net income?
This type of financial institution is owned by it members
What is a credit union?
The value of what you give up when you make a choice?
What is opportunity cost?
What does APR stand for?
What is Annual Percentage Rate?
What is diversification in investing?
Spreading money across different investments to reduce risk.
What's the difference between a job and career?
A job is short-term, a career is a long-term path with growth.
The amount of money an employee earns per hour of work.
What is the hourly wage?
What is the difference between a checking and savings account?
What does "pay yourself first" mean?
Save a portion of your income before spending on other things?
Name one way to build good credit.
Pay bills on time
Keep balances low
Use credit responsibly
Why do people buy insurance?
To protect against financialloss from unexpected events.
Training, education and health are examples of investing in what?
Human Capital