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Personal Finance

Grade 4

TermDefinition
budget a plan for using your money
save keep and store up
spend use or pay out
invest spend money with the goal of making a profit
expenditures the amount of money that is needed to pay for
income money earned
opportunity cost when you make a decision, it's the thing you didn't choose
scarcity not being able to have all the goods and services that you want
goods something that you can touch or hold
services something that one person does for someone else
profit a financial gain, the difference between the amount of money earned and the amount spent
economy the system of how money is made and used within a particular country or region.
currency the money that a country uses
Created by: mochateacher