| A | B |
|---|
| savings | a large amount of money that is kept in a bank and is used for emergency purposes. |
| credit | When a bank pays for your item(s) but you must pay the bank back what you spent at a later time. |
| budget | When you make a plan of what to spend and when. |
| fixed expense | Expenses that stay the same each month (ex: car payment) |
| debit | Any amount of money that is owed; taken directly from your account after you make a purchase. |
| economics | The study of money. |
| opportunity cost | The benefit you could have received by taking an alternate action. |
| income | The amount of money you bring in. |
| investing | Putting money to use, hoping to gain more in the process. |
| spending | When money is used to buy desired items. |
| interest rate | The percentage of money in your account the bank gives you for your services. |
| debt | When you owe money to someone or to a company. |
| variable expense | Expenses that change each month (Ex. groceries) |
| assets | Anything that you own (house, car, tv, pool, etc) |
| salary | fixed income paid to a person in return for the work they do |
| luxuries | Items of high quality and value (diamonds, sports cars, etc) |
| necessities | Items you need for survival (food, clothing, water) |
| stock | Part of a company that can be bought |
