| A | B |
|---|
| Personal financial planning | arranging to spend, save, and invest money to live comfortably |
| goals | the things you want to accomplish |
| values | the beliefs and principles you consider important, correct, and desirable |
| liquidity | the ability to easily convert financial assets into cash without loss in value |
| service | a task that a person or a machine performs for you |
| good | a physical item that is produced and can be weighed or measured |
| consumer | a person who purchases and uses goods or services |
| interest | the price that is paid for the use of another's money |
| time value of money | the increase of an amount of money due to earned interest or dividends |
| principal | the original amount of money on deposit |
| future value | the amount your original deposit will be worth in the future based on earning a specific interest rate |
| annuity | a series of equal regular deposits is sometimes called an annuity |
| present value | the amount of money you would need to deposit ow in order to have a desired amount in the future |
| estimate | to make an approximate calculation of is to |
| consume | to use up |
| consider | to weigh opportunity costs means that you do this to them |
| estimate | to make an approximate calculation of is to |
