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6th Grade Junior Achievement Vocabulary

AB
InterestsA person's preferred activities or hobbies
SkillsA person's talents or abilities
ValuesA person's beliefs and ideals
BudgetA careful plan for spending or saving money
Opportunity CostThe next best alternative given up when a choice is made
Gross IncomeTotal income before taxes have been deducted
Net IncomeIncome after taxes have been deducted
Credit CardA card that allows users to make purchases through a limited personal loan, with the expectation that the money will be repaid at a later date
DebtOwing money for items or services purchased on credit
InterestA charge for a loan, usually a percentage of what is borrowed



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