Matching Pairs Personal Finance Mix & MatchOnline version Mix and Match these Personal Finance terms by Nakie Keys 1 When income is greater than expenses 2 When expenses are greater than income 3 A debt or obligation owed to others 4 payment, usually monthly, applied to the balance of a home loan used when purchasing housing 5 An individual’s income earned as salary or wages before taxes and other deductions 6 The portion of current income not spent on consumption 7 Measure of financial wealth 8 Everything a person owns with monetary values 9 Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year 10 Money spent Expense Liability Gross income Savings Net Worth Net loss Income and Expense Statement Net gain Mortgage Assets