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Evervault

TermDefinition
assets what a person owns of value
budget a spending plan to ensure coverage of expenses
career something a person pursues by going to schools and working jobs
certificate of deposit a savings certificate that has a set time before you can withdraw money
charity giving to those in need
comparison shopping comparing prices from different places to get the best deal
controlling risks things you do to make risks less dangerous
credit a loan you must pay back
credit union like a bank members own it
decision making considering different information to make a choice
entrepreneur someone who owns their own buisness
expense things that cost money
financial adviser a person who advises you on money choices
financial institution helps members manage their money
Financial literacy the knowledge and skills to manage money
heath ensurance helps to pay for medical bills
impulse buying buying things without thinking about whether or not you need it
income money earned from working and other means
income tax annual tax placed on items base on your income
inflation the price of goods and services
interest cost of borrowing
investing when you purchase a stock or bond
job work you do for money
long-term goal a goal that can be achieved in a longer amount of rime
need something necassary to life
opportunity cost the cost we pay when we give up something for something else
payment method how a person pays for items
peer pressure when you are pressured by those around you
privacy keeping information safe
reliability trustworthy and responsible
risk something that might be dangerous
risk prevention things you do to avoid risk
salary money that is payed throughout the year
sales tax fee added to the sticker price payed to the government
savings money that is put away for later
savings account an account that gains interest
short-term goal goals that apply to daily,weekly or monthly goals
spend to use money
taxes money payed to the government
wage money payed by the hour
want things you would like to have
Created by: jhogue
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