| A | B |
|---|
| Buyer’s Remorse: | regretting a purchase soon after making it. |
| Financing: | to buy an item with credit; paying over time. |
| Finite: | having a beginning and an end; money is finite—it has limits. |
| Opportunity Cost: | the true cost of something in terms of what you have to give up to get an item; the benefits you would have received by taking the other action. |
| Significant Purchase: | an amount of money you spend, usually $300 or more, that causes some pain to part with. |
| Annual Fee: | fee charged by a credit card company for the use of their credit card. |
| Annual Percentage Rate (APR): | cost of borrowing money on an annual basis; takes into account the interest rate and other related fees on a loan. |
| Credit: | money owed. |
| Debt Snowball: | preferred method of debt repayment; includes a list of all debts |
| Depreciation: | a decline in the value of property; the opposite of appreciation. |
| Tax Deduction: | expense that a taxpayer is allowed to deduct from taxable income; examples include money paid as home mortgage interest and charitable donations. |
