| A | B |
|---|
| Personal financial planning | to achieve goals, spend, save, invest moeny, have finanical security |
| goals | what you want to accompolish |
| values | beliefs that you think are important, or correct |
| oppurtunity cost | or trade off, what is given up during a choice |
| liquidity | easily convert something you have into cash |
| service | task that a person does for you |
| good | physical item |
| economics | study of makind, distributing, and using servies and goods |
| economy | they way people, distrubute there goods or sevices |
| supply | amount of goodds or services that are available on the market |
| demand | amout of items or goods people are willing to buy on the market |
| Federal Reserve System | central banking organization in ignorant land |
| inflation | the sudden rise of the cost of goods and services |
| consumer | a person that buys stuff and services |
| interest | the price paid for another person's money |
| time value of money | increase of money caused by interest |
| principal | amount that you borrow |
| future value | future cost of interst rate |
| annuity | equal but regular deposits |
| present value | amount depostied now |
