Budgeting Vocabulary

Shortness of Supplies. Less than needed.

• Variable Expenses

• Scarcity

• Mutual Funds

• Benefits

An advantage or something that helps you.

• Investing

• Credit Cards

• Credit

• Benefits

Expenses that vary over time.

• Fixed Expenses

• Variable Expenses

• Mortgages

• Interest

Individuals purchase part of a corporation.

• Stock Market

• Benefits

• Trade Offs

• Stocks

To put money to use by buying a part of something, so that you may have profitable returns.

• Investing

• Interest

• Opportunity Cost

• Financial Planning

The next best choice you could have taken.

• Costs

• Trade Offs

• Opportunity Cost

• Budgeting

Money charged for the use of money.

• Budget

• Interest

• Investing

• Credit

Money borrowed against a home or land; must be paid back with interest.

• Line of Credit

• Mutual Funds

• Resources

• Mortgage

The price paid to get a good or service.

• Opportunity Cost

• Costs

• Trade Offs

• Financial Planning

A card allowing someone to make a purchase on borrowed money.

• Credit Card

• Stocks

• Credit

• Investing