Future Smart Vocabulary - Modules 2&3

Front

Opportunity Cost

Back

When you make a choice, the value of the thing that you did not choose.

Front

Budget

Back

A plan for spending and saving.

Front

Priorities

Back

The things that are most important to you.

Front

Income

Back

The money that you get from your job or investments.

Front

Fixed Expenses

Back

Expenses that are the same every month.

Front

Variable Expenses

Back

Expenses that change every month.

Front

Savings

Back

The money that you do not spend, but that you keep for the future.

Front

Sales Tax

Back

A tax you pay when you buy something.

Front

Salary

Back

The money you earn for professional employment.

Front

Debit Card

Back

A card that connects directly to a checking account.