| A | B |
|---|
| Bank | A for-profit company that is owned by its stockholders and provides savings and checking accounts and other financial services to its customers. |
| Budget | A spending plan for managing money during a given period of time. |
| Career | An occupation that is your chosen field and that provides ou with income, an activity, challenges, opportunitie for advancement, and satisfaction. |
| Cash Flow | Movement of the money ou receive and the money you spend. |
| Checking Account | A bank or credit union account that allows withdrawals by writing a check. |
| Endorse | To sign the back of a check to make it payable to the specified payee. |
| Financial Planning | The process of setting spending priorities, defining goals and developing a plan to achieve them, and then putting th eplan into action. |
| Fixed Expenses | Expenses that cost the same amount every time. |
| Goal | A statement of something a person wants or needs to do. |
| Gross Income | The total amount of income from wages before any payroll deductions. |
| Income | Any money you receive. |
| Job | An occupation that provies you with the basics -- cash and something to do to ear it. |
| Long-Term Goal | A goal that will take more than a year to achieve. |
| Needs | Things we must have to survive; for example, food, clothing, water, shelter. |
| Wants | Things that make life more interesting and fun but that people can live without if they have to. |
| Satellite Decisions | Smaller decisions that can result from a major decision. |
| Short-Term Goal | A goal to be acheived within the next three months. |
| Opportunity Cost | The value of what is given up when you choose one option over another. |
| Pay Yourself First | Taking a certain amount of all money you receive and saving it to be used for spending on longer-term goals. |
| Savings | An amount of money that is set aside to be used for a future purpose. |
