| A | B |
|---|
| Personal financial planning | Planning financial goals and security with money while living content |
| Goals | Objectives that one tries to achieve |
| Values | Standards that are considered worthwhile |
| Opportunity Cost | Something that is given up for an alternative choice |
| Liquidity | Converting financial assets into cash with ease |
| Service | Tasks that are performed by a person or |
| Goods | Physical items that are measurable |
| Economics | The study of economy with supply and demand |
| Economy | Country (s) system of people utilizing goods and services |
| Supply | Amount of goods and services are available |
| Demand | The people's wants for goods and services |
| Federal Reserve System/ Fed | The United States' national banking system |
| Inflation | Rise of prices for goods and services |
| Consumer | A person who takes in or buy goods and services |
| Interest | Price that is paid when one uses loans of money |
| Time value of money | The increase of money when it is used for earned interest or dividends |
| Principal | The amount of money on a deposit when first deposited (origninal amount) |
| Future Values | Amount of the orignial deposit will be worth in the future because of interest rates |
| Gross domestic product (GDP) | Total income of the goods and services produced in a country for one year |
| Intangible | Things that cannot be touched but are important (ex. health) |
