Budget, Debt, and Risks 51B-D

use rewards

spend now worry later

Make big purchases

set goals and budget

surplus

want

need

deficit

expense

income

debt

profit

Checking

Savings

401K

503C

Your credit limit always resets, so you have a lot of spending power each month.

Your entire minimum payment goes toward principal and the interest continues to compound.

The majority of your minimum payment is going toward interest and finance charges and only a small amount toward the principal.

Another word for death

Something, typically money, that is owed or due

A loan on which you do not have to pay interest

That which is incurred during childhood and consummated in college