In a budget, you deduct your expenses from your income.

Banks and credit unions are sources of credit.

People can charge as much as they want on their credit cards.

The rights to be informed and to be heard are both consumer rights.

When making purchasing decisions, it is important to prioritize rights and think about opportunity cost.

Impulse buying means making good purchasing decisions.

Keeping receipts and being honest is a way consumers stay informed.

Being informed and handling problems appropriately are two consumer responsibilities.

Two consumer rights are the rights to safety and reimbursements.

A good way to be an informed consumer is to comparison shop or look for generic goods.

Having money for medical bills or to pay for college are reasons to save money.

There is no need to save money for things like down payments or repairs to cars.

Government and company bonds are types of investments.

Mutual funds are a type of high risk investment.

Money market accounts are a type of investment.

Investments like stocks are usually low risk.

An example of a savings plan is a certificate of deposit.

Comparison shopping is the process of comparing competing products and prices in order to find the best value.

A deficit is a positive balance in your budget.

Companies pay dividends to shareholders that own stock in the company.

A fee for an early withdrawal of funds is called the principal.

After getting a loan, you will have to pay back the principal plus interest.

Buying something to make you feel better because you are sad is an example of impulse buying.

Most warranties on products last forever.