Your Income
The money you earn.
What is Income
borrowing money to pay for something with the agreement to pay it back, with interest.
What is credit
setting aside income for later use.
what is saving
spending money based on feeling or emotions without thinking about consequences.
what is impulse buying
Money that remains after taxes have been paid
What is Disposable Income
payment received when you lend money, usually at a certain rate added on to the original cost.
what is interest
the amount initially deposited into an investment.
what is principal
the inability to pay debts
what is Bankruptcy
Money that remains after necessities have been paid for. Used to satisfy wants
What is Discretionary Income
issued by companies and allows you to pay for goods using borrowed money, up to a specific limit.
what is a Credit Card
type of deposit in which you agree to deposit a sum of money for a certain amount of time with a generally higher return rate, but you must agree not to touch for the entire time agreed upon.
what is a Certificate of Deposit (CD) (DOUBLE)
paying shareholders a portion of the company earnings at regular intervals.
what is a dividend
someone who buys a product or service.
what is a consumer
The annual cost of credit expressed as a percent of what was borrowed.
What is Annual Percentage Rate (APR)
lending money to a company or government.
what are bonds
pools of money from many people who are invested in a selection of individuals stocks/bonds
what are mutual funds
The money you spend on everything
what are expenses
Property and other valuable items that a borrower pledges as security for a loan.
what is Collateral
buying partial ownership in a company.
what is stock
working with your own income and budgeting to support yourself.
what is personal finance