Personal finance terms
Terms in this set (21)
The amount of money earned before deductions are taken out.
A plan for spending one's money
Interest paid on an unpaid balance
An order to pay money from your checking account to a person or a company
Buying something now and paying for it later
A record of checks, online and debit card transactions and deposits made to a checking account
Money taken out of a persons paycheck for things such as income taxes and social security
The amount of money a person takes home after deductions
A secret code you need to use an ATM machine
Putting money into a bank account.
A card that works like a check. Money is withdrawn from your checking account.
An expense that stays the same from month to month. Rent or car payments
An expense that changes from month to month. Groceries and gasoline
The 3 C"s of Credit
Character, capacity, capital
single payment credit
Paid for in a single payment such as utilities
items bought on this plan can not exceed the credit limit. Interest is charged on unpaid balance
Goods and services paid for in regularly scheduled payments. Interest is included.
Will you repay the debt?
What if you don't repay the debt?
Can you pay the debt? Do you have a job? How many people do you support? What other bills do you pay?