| A | B |
|---|
| impulse buying | making sudden or unplanned decision to buy |
| warranty | a guarantee that a product meets certain standards of quality |
| exchange | trading one item for another |
| refund | getting your money back in exchange for the item you purchased |
| check | a written document that permits the transfer of money from a bank account to a person or business |
| debit card | money is withdrawn directly from your checking account |
| layaway | a scheduled payment plan for a purchase |
| credit | allows you to receive a good or service now and pay for it later |
| Internet | The place where consumers can find information about products on websites |
| Consumer Reports | A magazine that helps consumers make choices |
| consumer | People who buy and use goods and services |
| labels | Smart shoppers always read _?_ found on products to get more information about a product |
| proof of purchase | the sales receipt |
| prioritize | putting items in order from most to least important |
| income | amount of money you receive or earn regularly |
| grant | money for education provided by governement, schools, private donors that do not have to be repaid |
| net pay | the amount you actually take home |
| withhold | to take out |
| income tax | tax you pay to the government based on how much you money you make |
| Social Security | federal government program that provides benefits for people of all ages |
| Medicare | health care program provided by the federal government primarily for retired persons |
| F.I.C.A. | money withheld for Social Security and Medicare taxes |
| budget | a plan for saving and spending money |
| prioritize | to put in order from most important to least important |
| fixed expenses | expenses you have already agreed to pay; must be paid by a certain date |
| flexible expenses | expenses that come irregularly |
| interest | money that banks will pay depositors for using your money |
| scholarship | money for education awarded to students based on need, academic, athletic achievements |
| loan | money borrowed from government or a lender that must be repaid |
| work-study program | allows students to earn their education by working jobs while in school |
| gross pay | total pay |
