financial literacy vocabulary

Front

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

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Budgeting

Front

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

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Inflation

Front

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

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Income

Front

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

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Net Worth

Front

Setting aside money for future use or emergencies.

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Saving

Front

The amount of money borrowed or owed to someone.

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Debt

Front

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

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Insurance

Front

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

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Investing

Front

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

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Credit Score

Front

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

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Financial Plan