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vault

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
        Help!  

Term
Definition
assets   what a person owns of value, such as jewelry, savings, art, a home, and a car  
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bank   a place where people put their money for safekeeping, and for ease of use  
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bankerage firm   helps people invest their money  
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budget   spending plan people make in order to make sure there is enough income to cover all expenses  
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carer   something you build by going to school and working jobs related to the career you want  
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certificate of deposit   savings certificate that gains interest and has a set time before you can withdraw your money  
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carity   giving resources or volunteering time to help those in need  
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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  
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controlling risks   stuff you do to make risks less dangerous or not dangerous at all  
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credit   loan that a person uses to pay for things, but is expected to pay back  
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credit union   just like a bank, only its members own it  
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decison making   considering different information to make a choice  
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enterprenuer   person who starts his or her own business  
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expense   the cost of the things that people spend money on  
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financial advisor   person who is an expert at handling money and can give you information and advice about saving and investing  
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financial institution   a place like a bank that helps its members manage their money  
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financial literacy   the knowledge and skills to manage money  
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health insurance   helps people pay for medicine and doctors when they are sick or hurt  
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impulse buying   buying stuff without thinking about whether or not you need it  
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income   money earned from working and other means  
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income tax   annual tax placed on the money employees make at jobs and collected by the federal government, most states, and some local governments  
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inflation   annual tax placed on the money employees make at jobs and colected by the federal governement,most stated, and some local governments  
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interest   the extra fee charged for borrowing money, or cost of borrowing money  
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investing   when you purchase a security like a stock or bon, in the hopes that over time it will make money  
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job   work you do for money  
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long-term goal   a goal that can be acheived in a longer amount of time. It can be months, years, or even an entire lifetime  
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need   something you truly can not live without  
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opportunity cost   the cost we pay when we give up something to go to get something else  
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payment method   what you use to pay for something, like cash or check  
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peer preusre   doing stuff just because your friends are dpoing it, or because your friends told you to, becuse you want your friends to like you and think you are cool  
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privacy   keeping important imformation to yourself or between yourself and close family  
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reliability   being trustworthy; being responsible  
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risk   an activity or action that might be dangerous  
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risk pervention   stuff yo do to stop conequences of risks from happening  
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salary   payment for work, represented as a yearly sum and paid in portions every week, 2 weeks, or month including sick time and vacation time  
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sales tax   a fee added to the stickers price of an item that is to the state or city  
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savings   money set aside for short- or long- term goals  
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savings account   an acount that gains intrest and alloows withdraws  
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short-term goal   a goal that can be acheived in a sor amount of time. IT can be a few days, weeks, or months  
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spend   to use money to but stuff  
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taxes   fees placed on income, purchases, or property to support govenment programs  
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wage   payment for work, usaually calculated on an hourly, daily, or peicework basis and paid on scedule- usuall every week or 2 weeks or month  
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want   something you woulf like to have but will be ok without it  
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