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Personal Finance

291 resources created by 270 users

This Personal Finance page on GoConqr gathers community-made mind maps, flashcards, notes, slides and a quiz, from sources of earning an income and household income to savings, investments and interest rates. It's built for school students revising a topic and teachers after ready-made material. There are over 280 resources here, including more than 260 flashcards and over 10 mind maps, almost all at secondary level. Pick a deck of vocab cards, try the quiz to find your gaps, then build your own maps.

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About Personal Finance

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What the page covers

The resources follow a money journey. Earning comes first: the note Sources of earning an income - created from Mind Map defines income as money received on a regular basis from work, property, business, investment or welfare, and explains terms such as commission. The slide set Earning An Income sits alongside it.

Spending, saving and borrowing

Flashcard decks such as Keywords- Personal finance run through the personal lifecycle, income, borrowing, savings, retirement, benefits, tax credits and taxes. Economics Money Revision asks questions like what the personal life cycle is, what needs and wants are, and why income changes. Consumer Econ vocab adds terms such as fixed and variable expenses, mandatory deductions and financial well being.

Interest, markets and costs

The mind map Impact on Interest rates explains interest as the reward paid to savers or the cost paid by borrowers. The notes on financial markets and institutions cover finance, savings and investments. Economics Yr 10 Unit 3 sets out fixed and variable costs and revenue for a business.

Where to start

  1. Read the income note and flick through the slides.
  2. Learn the terms with Keywords- Personal finance or another vocab deck.
  3. Open the maps on savings, investments and household income to see how ideas connect.
  4. Finish with the quiz Review: Income & Expenditures.

Use maps and the quiz together: a map shows how ideas link, and the quiz shows which links you still miss. Go back to the matching flashcards for any gap.

Where it sits

This unit belongs to the strand Development, Environment and Applied Economics in Economics. Teachers can pick decks or maps to share with a class, and anyone can start with one resource and build their own set from there.

Frequently asked questions

Which resource should I open first?

Start with the note on sources of earning an income, which defines income and commission in plain terms. Then move to the Keywords- Personal finance flashcards, which cover the personal lifecycle, borrowing, savings, retirement, benefits and taxes. Once those feel familiar, the mind maps help you link the ideas.

What do the mind maps cover?

The maps look at interest rates, finance, saving and investment, household income and money. Impact on Interest rates explains interest as the reward for savers and the cost of borrowing. Economics Yr 10 Unit 3 covers fixed costs, variable costs and revenue for a business.

Is there a quiz on this page?

Yes, there is one quiz, Review: Income & Expenditures. It suits a check after you have read the income notes and worked through some flashcards. Use the result to decide which deck or map to revisit, then try the quiz again.

Who made these resources, and are they free?

The resources were made by GoConqr users, not by GoConqr itself. Every one is free to open, study and take, with no account needed. A free account also saves your quiz scores and lets you make your own quizzes, mind maps, flashcards and notes.

Which levels are these resources for?

Nearly all of them are at secondary level, so they suit school students. Teachers can use them as ready-made material for lessons or revision. A small share is aimed at university level, but the page is mainly built around school study.

Why are there so many similar vocab decks?

Many users have made their own decks for consumer economics units, so several share similar titles such as Unit 1 Vocab or Consumer Economics Unit 1 Vocab. Open a few and compare. Pick the one whose terms match your course, such as lease, lessor or fixed expense.

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