| A | B |
|---|
| Personal financial planning | How you arrange your budget and income in order to accomplish your goals |
| Goals | things you want to achieve |
| Values | important things that you consider correct or desirable |
| Opportunity cost | a trade, choices that are discarded when another is made |
| Demand | how much people are willing to buy |
| Federal Reserve System | the system that controls money |
| Inflation | the rise of goods in cost |
| Consumer | a person who purchases |
| Liquidity (Liquidity risk) | a property that can be converted into cash without change in value |
| Interest | the price that is paid in order to borrow money |
| Intermediate goals | a goal that takes few years to achieve |
| Long-term goals | a goal that will take over five years to achieve |
| Service | a task that something or someone performs for you |
| Good | an item that can be physically touched, weighed or measured |
| Consumable goods | goods that can be used up quickly such as food or shampoo |
| Durable goods | goods that are seldom purchased and last a long time such as a car |
| Intangible items | feelings or emotions, they cannot be touched |
| Economics | the study of economy |
| Economy | how people use and take care of their goods |
| Supply | how much is available |
