financial literacy vocabulary

Creating a plan for managing income and expenses to meet financial goals.

The general increase in prices of goods and services over time, resulting in the decrease in purchasing power.

Money earned from various sources, such as employment, investments, or business activities.

The difference between a person's assets and liabilities, representing their overall financial worth.

Setting aside money for future use or emergencies.

The amount of money borrowed or owed to someone.

A financial product that provides protection against potential future losses or damages.

The process of allocating resources, usually money, to generate income or profit.

A numerical expression of a person's creditworthiness, based on their credit history.

A plan for how to spend and save money over a specific period of time.