| A | B |
|---|
| personal finance planning | Arranging to spend, save, and invest money to live comfortably , have financial security and achieve goals |
| goals | Things you want to accomplish |
| values | Beliefs and principles you consider important, correct, and desirable. |
| opportunity cost | What is given up when making ne choice instead of another |
| 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 term that is produced and can be weighed or measured |
| economics | The study of decisions that go into making, distributing, and using goods and services |
| economy | The ways in which people make, distribute, and use their goods and services |
| supply | The amount of goods and services available for sale. |
| demand | The amounts of goods and services people are willing to buy |
| Federeal Reserve System | The central banking system of the United States |
| inflation | Rise in the level of prices for goods and services over time |
| 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 money due to earned interest or dividends |
| principal | The original amount of money you deposit |
| future value | The amount your original deposit will be worth in the future based on earning a specific interest rate over a period of time |
| annuity | 1. Term sometimes used for a series of equal regular deposits to a savings account |
| present value | 2. The amount of money you would need to deposit now in order to have a desired amount in the future. |
| money managment | 3. Planning how to get the most from your money |
| safe deposit box | 4. A small, secure storage compartment that you can rent in a bank |
| budet | 5. A plan for using money to meet wants and needs |
| consumer price index(CPI) | 6. A measure of the changes in prices for commonly purchased goods and services in the United States |
| budget variance | 7. The difference between the budgeted amount and the actual amount that you spend |
