| A | B |
|---|
| personal finance planning | arranging to spend, save, and invest money by setting goals to be reached |
| goals | something you want to accomplish |
| values | something consider important |
| oppurtunity cost | giving something up for a beneficial choice |
| liquidity | converting something to cash easily |
| service | a task perfomed by someone or something |
| good | a tangible item |
| economics | decisions that goes into managing money |
| economy | managing money |
| supply | a storage of available items |
| demand | items people want to buy |
| Federal Reserve System | central banking organization of the US that regulates money supply |
| inflation | rise of prices for goods |
| consumer | a person that buys goods |
| interest | price paid for the use of another's money |
| time value of money | increase of money due to interest |
| principal | original amount of money on deposit |
| future value | amount of money worth in the future from an interest rate |
| annuity | equal regular deposits |
| present value | money need to save to have a desirable amount in the future |
