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Understanding Money

Understand Money Vocabulary Part 2

TermDefinition
Credit Union just like a bank, only its members own it
Decision making considering different information to make a choice
Entrepreneur a person who starts his or her own business
Expense the cost of the things that people spend money on
Financial advisor a person who is an expert at handling money and can give you information nand advice about saving and investing
Financial literacy the knowledge and skills to manage money
Goods things that are made to be sold
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 money earned from working and other means
Income tax money earned from working and other means
Inflation the price of goods and services rises over time
Interest they extra fee charged for borrowing money, or the cost or borrowing money.
Created by: lballington
Popular Family and Consumer sets

 

 



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