Budget 1
Money you earn from work.
What is income?
When you take money out of an account.
What is withdrawal?
When you spend money on something, it's this.
What is an expense?
A plan that helps you buy what you need or save money.
What is a budget?
When you put money into an account.
This type of account is a safe place to store money.
Money you borrowed from someone else.
What is loan?
Money you owe to someone else.
What is debt?
Money the government charges you for buying things.
What is sales tax?
Money you have to pay on top of returning what you borrow OR money you earn when keeping money in a savings account.
What is interest.
When multiple business work against each other to try and earn your money.
What is competition?
Someone who sells things.
Vendor
Money you spend for your company is this kind of expense.
What is business?
Money you earn from work.
What is income?
When you take money out of an account.
What is withdrawal?
When you spend money on something, it's this.
What is an expense?
A plan that helps you buy what you need or save money.
What is a budget?
When you put money into an account.
What is deposit?
Money you have to pay on top of returning what you borrow or money you earn when keeping money in a savings account.
What is interest?
When multiple business work against each other to try and earn your money.
What is competition?
Money the government charges you for buying things is called this.
What is sales tax?
Money you owe to someone else.
What is debt?
Money you spend for your company is called this.
What is business expense?
An account that is a safe place to store your money.
What is savings?
Money you borrowed from someone else.
What is loan?