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Everfi Vocabulary
| Term | Definition |
|---|---|
| Assets | what a person owns of value, such as jewelry, savings, art, a home, and a car |
| Bank | a place where people put their money for safekeeping, and for ease of use |
| Brokerage firm | helps people invest their money |
| Budget | a spending plan people make in order to make sure there is enough income to cover all expenses |
| Career | something you build by going to school and working jobs related to the career you want |
| Certificate of deposit | a savings certificate that gains interest and has a set time before you can withdraw your money |
| Charity | giving resources or volunteering time to help those in need |
| Comparison shopping | finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store |
| Controlling risks | stuff you do to make risks less dangerous or not dangerous at all |
| Credit | a loan that a person uses to pay for things, but is expected to pay back |
| Credit Union | just like a bank, only its members own it |
| Decision Making | considering different information to make choice |
| Entrepreneur | a person who starts his or her own business |
| Expense | the cost of the things that people spend mone on |
| Financial advisor | a person who is an expert at handling money and can give you information and advice about saving and investing |
| Financial literacy | the knowledge and skills to manage money |
| Health Insurance | helps people pay for medicine and doctors when they are sick or hurt |
| Impulse buying | buying stuff without thinking about whether or not you need it |
| Income | |
| Income tax | |
| Inflation | |
| Interest | |
| Investing | |
| Job | |
| Long Term Goal | |
| need | |
| oppurtunity cost | |
| Payment Method | |
| Peer Pressure | |
| Privacy | |
| Reliability | |
| Risk | |
| Salary | |
| Sales Tax | |
| Savings | |
| Savings account | |
| Short term goal | a goal that can be achieved in a short amount of time. It can be a few days, weeks, or months |
| Spend | to use money to buy stuff |
| Taxes | fees placed on income, purchases, or property to support government programs |
| Wage | payment for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule—usually every week, two weeks, or month |
| Want | something you would like to have but will be okay without |
Created by:
K1d_Ty
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