| A | B |
|---|
| Financiall Plan | This is a set of goals for acquiring ,saving, and spending money |
| Financial Goal | These are measureable objetives related to acquiring, or spending money. |
| Needs | are those things a person must have to survive, such as food, water, shelter, and clothing |
| Wants | are things a person desires but are not necessary for survival |
| Values | These are your beliefs about ideas and principles that are important to you. |
| Wealth | is a plentiful supply of money or valuable goods. |
| Net Worth | This i the difference between what you own and what you owe. |
| Assets | Things you own |
| Liabilites | Debts you owe |
| Investing | This is putting money to a use that you hope will increase its value over time. |
| Financial Independenceal | is having enough money for your basic needs and modest wants without having to work |
| Growth | an increase in value |
| Average rate of return | is the percentage that your savings or other investments earn over a period of time. |
| Interest | is a fee paid on borrowed money or money earned on deposits with a bank |
| Compound Interest | an earned interest on the principal |
| Principal | an amount invested |
| Simple Interest | Interest that does not compound |
| Rule of 72 | is an equation that lets you estimate how long it will take to double your investment with a fixed annual interest rate. |
| Economy | the sum total of business activity in an area |
| Tuition | the fee charged for instruction at a college |
| Subsidized student loan | a loan on which interest is not charged until after graduation |
| Scholarship | a gift of money or other aid made to a student |
