A plan to manage income, spending, and saving.

a profit realized from the sale of property, stocks, or other investments

a certificate issued by a bank to a person depositing money in an account for a specified period of time and will have a penalty if withdrawn early

a written order to a financial institution directing the financial institution to pay a stated amount of money

a written record collected by a credit agency that tracks a borrower's credit payments and whether or not payments are made on time

a not-for-profit institution that provides a wide array of financial services with potentially lower costs than commercial banks

a payment of a portion of a company's net profits which is periodically made to stockholders

the interest paid on unpaid credit balances

expenses that are the same every month

the amount of time a person has to pay a line of credit before there is a finance charge

a closed-end loan for a specific product such as furniture or appliances

a person's assets (or what a person owns) minus the person's liabilities or expenses

The smallest amount a person is required to pay in a given month on an open-ended credit account

One who lends.... it may be an individual, business, or government agency

Things that are owed and financial obligations that must be paid

A goal that a person or organization plans to achieve in 1 to 5 years

A goal that a person or organization plans to achieve in more than 5 years in the future

The chance of experiencing a financial loss

An open-ended account with a limit to how much can be borrowed but no time limit for repayment.

An interest-bearing deposit account at a banking establishment that is not typically used for transactions and has no maturity date

The condition that arises whenever limited resources are insufficient to provide for peoples' unlimited wants.

Using income for current consumption

Shares of ownership in a corporation

Required payments to the Federal, State, and Local government

Expenses that may change from week to week or from month to month

Earnings from a financial investment calculated on an annual basis and stated as a percentage of the amount invested

A pool of funds used by a financial services company to purchase a variety of stocks, bonds, or money market instruments

To invest in a variety of financial assets, such as stocks, bonds, or money market accounts in order to reduce the overall risk of financial investment.

The price associated with using someone else's money. Banks charge this to borrowers

A small plastic card issued by a bank that allows users to borrow funds that the user does not currently have.

A small plastic card that allows the users to spend or transfer money electronically and immediately from his or her checking account. This card allows users to access their funds right away

A financial account into which people deposit money and from which they withdraw money by writing checks or using Debit cards

The knowledge, skills, abilities, and talents that people acquire through experience, training, and education. This helps workers produce goods and services

Basic financial knowledge. It is an understanding of banks and the banking system, financial markets, credit and debit cards, and tax laws. You apply this to help you spend and earn money.