| Question |
Answer |
| Value |
It is how much something is worth. It can vary from country to country. Value depends on the currency of a country too. It can also be how important you hold something. |
| Account |
It is something to keep track of your accounts. There are savings and checking accounts. |
| Interest |
It is a percentage that you pay on a loan over a course of time. For example you might have to pay .03% of a 200 dollar loan for every month |
| Earning Power |
It is how much you will be able to make in the future. Education can help this, computer skills, language skill, math and science skills, and writing skill. |
| Budget |
It is how much money you put away for certain things you are saving for. |
| Fixed Expense |
It is an expense that occurs regularly and doesn’t vary. |
| Flexible Expense |
It occurs regularly, but you can change the amount you spend. |
| Discretionary Expenses |
They are expenses things you choose to spend your money on. |