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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
compound interest   earning interest on interest  
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consumption   purchasing goods/services  
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do it yourself   self-reliant for task completion  
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emergency savings   cash for unexpected events  
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interest   price paid for using someone else's $  
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interest rate   % rate to calculate interest  
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liquidity   how quick and easy assets can be converted to cash  
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pay yourself first   saving money before paying expenses  
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principal   original $ amount invested  
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saving   spending less than the earnings to set aside excess funds  
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savings   part of income not spent on consumption  
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time value of money   today's $ is worth more than if received in the future  
🗑


   

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Created by: Tate.cord70
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