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money
Term | Definition |
---|---|
assets | what someones owns |
bank | where you keep you money safe |
brokerage firm | helps invest money |
budget | spending plan |
carrer | something you bulid by going to school |
Certificate of deposit | certificate that gains interest |
charity | volunteering time to help ones in need |
comparison shopping | you compare the price of an item before it went on sale to after |
controlling risks | things done to make risk less dangerous |
credit | only used when buying larger amounts of things |
credit union | just like a bank |
decision making | considering different things |
entrapreneur | one who starts his or her own business |
expense | the cost people spend on things |
Financial advisor | expert at handling money |
Financial institution | helps manage money |
Financial literacy | skills to manage money |
health insurance | helps pay medicial bills |
Impulse buying | buying things without thinking |
income | money earned from working |
income tax | annual tax placed on the money employees make |
inflation | price of goods |
interest | extra fee charged for borrowing money |
investing | to save up money |
job | where you work and get paid at |
long-term goal | a goal achieve in a long amount of time |
need | something you have to have |
Opportunity cost | cost you pay when you give up something |
payment method | a method you use to pay something |
peer pressure | when your friends try and pressure to do something |
privacy | when you keep something important to yourself |
reliablity | being trustworthly |
risk | something dangerous |
risk prevention | to stop something dangerous from happening |
salary | payment for work |
sales tax | a fee added to the price |
savings | money sat aside |
savings account | an account to help you save money |
short-term goal | a goal reached in a short amount of time |
spend | to buy something |
taxes | fees placed on income |
wage | payment by the hour |
want | something you don't need |