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personal money management choices

how people choose to spend and save money


a record of how you plan to spend your money


amount of money you owe


how much money you have or make


the things you spend money on


when you borrow someone else's money with an agreement to pay it back a little over time you are using this.

interest rate

a percentage of the amount that you owe that you agree to pay in addition to what you borrowed.

credit score

a number based on your history as a borrower. It is used to determine whether or not to lend you money.


when you give money to someone or something in return for a good or service


when you take money you could spend and, instead, put it aside for a later time

savings account

accounts people have with banks, credit unions, or even online institutions that allow them to add money to the balance while also having access to their money when they need it and the money in the account gains interest.


occurs when you allow businesses to use part of your money in return for interest in or a share of their profits.

reasons to save

college, vacations, future purchase, retirement, etc

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