| A | B |
|---|
| budget | foram written or unwritten plan that projects the use of assets for a future time |
| financial planning process | series of steps that can be followed to meet specific goals and objectives |
| goal | broad, general statement specifying what the individual wants to accomplish |
| checking account | an account in which a user makes deposits and may write checks to be paid from the account |
| overdrafts | when a check is written in an amount greater than the account balance |
| insured savings account | passbook, account where money is deposited in a financial institution that pays minimal interest with the money being easily accessible |
| United States savings bonds | Investing in the federal government by purchasing bonds with a set maturity date |
| certificate of deposit. CD | a type of savings with a specific amount of money deposited for a specific amount of time with a set interest rate |
| bonds | type of investment in a corporation or government agency that pays back interest on specific dates and the original investment at maturity |
| mutual funds | investment where you pool your money and professional money managers manage the pool |
