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EVERFI VOCABULARY

EVERFI VOCAB EXAM REVIEW

QuestionAnswer
bank a place where people put their money for safekeeping, and for ease of use
budget a spending plan people make in order to make sure there is enough income to cover all expenses
career something you obtain by going to school and working jobs related to the work you want to do
charity giving resources or volunteering time to help those in need
credit a loan that a person uses to pay for things, but is expected to pay back
decision-making considering different information to make a choice
entrepreneur a person who starts his or her own business
goods things that are made to be sold
health insurance helps people pay for medicine and doctors when they are sick or hurt
inflation the price of goods and services rises over time
job work you do for money
long-term goal a goal that can be achieved in a longer amount of time; it can take months, years, or even an entire lifetime
need something you truly can-not live without
opportunity cost the cost we pay when we give up something to get something else
peer pressure doing stuff just because your friends are doing it, or because your friends told you to, because you want your friends to like you and think you are cool
privacy keeping important information to yourself or between yourself and close family members
risk an activity or action that might be dangerous
savings money set aside for short- or long-term goal
short-term goal a goal that can be achieved in a short amount of time; it may take 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
want something you would like to have but will be okay without
income money earned from working and other means
Created by: ICT2LAW