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Bankruptcy

Cash

Check

Credit

Debit

Debt

Foreclosure

Expenditures

Credit Card

Debit Card

Impulse Buying

Long-Term Goals

Needs

Short-Term Goals

Wants

Budget

Discretionary Income

Fixed Expenses

Variable Expenses

Scarcity

(not all the words are being used)

1. The amount of financial trust extended to a person or a business by a lender; a loan.

2. Money owed.

3. A legal process that gives a debtor protection from creditors.

4. Goods or services that make people more comfortable or content but which are not necessary for survival.

5. Goods or services that people cannot survive without, such as water, food, shelter, and clothing.

6. Money that is spent on goods, services, and bills.

7. A purchase based on an immediate want or due to the pressure of advertising.

8. Plans that take a year or more to accomplish.

9. Plans that can be accomplished within three months to a year.

10. A record of income and spending and a plan for managing money.

11. Money available to spend on goods and services that are not essential.

12. The economic condition of limited resources that prevents people from having everything they want.

13. Expenses that do not change from month to month, such as auto insurance or rent.