Personal Financial Literacy Vocabulary

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Lend

Back

To give money or goods, expecting it to be returned.

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Human Capital

Back

The knowledge, skills, and abilities of a person or group of people.

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Saving

Back

Keeping money so it can be used later.

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Charity

Back

An organization that helps others in need.

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Planned Expense

Back

A cost that is expected and budgeted for, like a phone bill.

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Borrow

Back

To take money or goods from someone with the intention of returning it.

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Credit

Back

An agreement where a borrower receives something of value and agrees to pay it back later.

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Donate

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To give money or goods to help others without expecting anything in return.

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Expense

Back

Money spent on goods or services.

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Budget

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A plan for how to spend money.