income - money coming in, gross pay - money earned BEFORE deductions taken out, net pay - money made AFTER deductions taken out, expense - your costs; money you are required to pay for something, budget - a "plan" of expected income, spending and savings, debt - money owed, credit - borrowing money, interest - a fee for not paying your full balance, variable expense - an expense that changes monthly, fixed expense - an expense that does not change monthly, opportunity cost - what you trade off when you make one choice over another, debit card - this card uses money from your checking account, credit card - this card borrows money that you have to pay back, savings - money you put aside for future use,

Personal Finance Retest

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