Finances Vocabulary

Assets

• Finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store.

• Payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month; can also include and vacation time.

• what a person owns of value, such as jewelry, savings, art, a home, and a car.

Bank

• A loan that a person uses to pay for things, but is expected to pay back.

• a place where people put their money for safekeeping, and for ease of use.

• Something you obtain by going to school and working jobs related to the work you want to do.

Budget

• The knowledge and skills to manage money.

• The cost of things that people spend money on.

• A spending plan people make in order to make sure there is enough income to cover all expenses.

Career

• Something you obtain by going to school and working jobs related to the work you want to do.

• Money earned from working and other means.

• Payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month; can also include and vacation time.

Comparison Shopping

• A fee added to the sticker price of an item that is paid to the state or city.

• Finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store.

• Annual tax placed on the money employees make at jobs and collected by the federal government, most states, and some local governments

Credit

• A loan that a person uses to pay for things, but is expected to pay back.

• What you use to pay something, like cash or check.

• Fees placed on income, purchases, or property to support government programs.

Decision Making

• Money set aside for short or long term goals.

• The extra fee charged for borrowing money, or the cost of borrowing money.

• Considering different information to make a choice.

Expense

• Buying stuff without thinking about whether or not you need it.

• The cost of things that people spend money on.

• A fee added to the sticker price of an item that is paid to the state or city.

Financial Literacy

• The knowledge and skills to manage money.

• Payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month; can also include and vacation time.

• Work people get paid to do.

Impulse Buying

• Annual tax placed on the money employees make at jobs and collected by the federal government, most states, and some local governments

• Buying stuff without thinking about whether or not you need it.

• Finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store.