| A | B |
|---|
| Personal Financial Planning | to create a plan to save money to achieve or acomplish goals. |
| Goals | something you want to achieve. |
| Values | someone's beliefs or principles. |
| Opportunity Cost | what you lose from making a decision. |
| Liquidity | ability to turn something financial into money without it losing it's value. |
| Service | something that someone does for you that you pay them for. |
| Good | Something that you can wiegh or measure. |
| Economics | the study of decisions that go into the process of making and distributing goods and services. |
| Economy | the ways that people make and distribute their goods and services. |
| Supply | the amount of goods ready for sale. |
| Demand | The want or need of goods. |
| Federal Reserve System | central banking organization in the United States. |
| Inflation | Rise in prices. |
| Consumer | A person who buys goods and services. |
| Interest | the price one pays for using another's money. |
| Consumable Goods | purchases that you use up fast. |
| Durable Goods | things that you do not buy all the time because of expenses. |
| Intangable Items | cannot be touched, but are important. |
| Short Term Goals | two to five years to achieve. |
| Long Term Goals | takes more than five years to achieve. |
