Earning Vocabulary

3. An individual’s total earnings before any deductions
5. When you borrow money and have to pay it back.
7. Money paid regularly at a particular rate for the use of money lent, whether it’s the consumer or the bank.
8. A type of bank account that allows you to easily make daily transactions, such as deposits and withdrawals.
10. Compensation paid to an employee based on how much work is done and the number of hours spent working. Most wages are paid on an hourly rate.
11. An expense that can be subtracted from taxable income
13. A card that is used like a credit card, but the money is deducted from the holder’s bank account.
14. A plan for your money; A spending plan for your income and expenses.

1. A bank account where you can deposit money and earn interest.
2. The knowledge, instruments, and techniques used to manage your finances.
4. Deductions that have to be taken out, such as taxes, social security, etc.
6. The amount of income left after all deductions
7. Money coming in
9. The ability to borrow money with the promise and understanding to pay it back at a later date.
12. Fixed compensation paid to an employee. When you earn a salary and your paycheck arrives, it’s for the same amount of money each time.
13. A financial liability or obligation that is owed by one person (the debtor) to another (the creditor).