Answer :
Match each word with its best definition:
1. **budget**: a plan that balances available resources and expenses. Example: Creating a budget helps you allocate your money wisely and plan for future expenses.
2. **income**: money earned. Example: Income includes salaries, wages, and any other money you receive, such as from investments or side jobs.
3. **risk**: the chance or possibility of loss. Example: Investing in stocks comes with a risk of losing money if the market fluctuates.
4. **opportunity cost**: the cost of using one resource over another. Example: Choosing to go to a concert instead of working means the opportunity cost is the wages you could have earned.
5. **personal finances**: an individual's assets and management of them. Example: Managing personal finances involves budgeting, saving, investing, and planning for future financial goals.
These definitions will help you understand each term in the context of financial management and decision-making.
