| A | B |
|---|
| Money Management | Using a budget. |
| Budget | A written plan for spending your money wisely. |
| Fixed Expenses | Something for which a set amount of money must be paid regularly, such as rent, insurance or tuition. |
| Flexible Expenses | An expense that varies in amount and does not occur on a regular basis, such as food, transportation, or entertainment. |
| Resources | Assets that can be used to meet needs and fulfill wants. |
| Human Resources | The qualities and traits people have within themselves to get what they need or want. |
| Nonhuman Resources | The objects and conditions available to people to help meet needs and fulfill wants. |
| Personal Resources | Another name for Human Resources. |
| Material Resources | The objects you own. (Money, Clothes, Cell Phones, etc.) |
| Environmental Resources | Assets found in nature such as water, air or soil. |
| Private Resources | Resources owned and controlled by a person or a family such as income, houses, or cars. |
| Community Resources | Resources shared by everyone and paid for through taxes. |
| Public Resources | Another name for Community Resources. |
| Time Management | The skills of organizing your time so you can accomplish tasks. |
| Time and Energy | The two most valuable resources. |
| Procrastinate | To put off difficult or unpleasant tasks until later. |
| Credit | A loan that a person uses to pay for things, but is expected to pay back. |
| Interest | The amount of money that the borrower pays for the use of a lender's money. |
| Check | A written order directing a bank to pay the person or business named on your check. |
| Checking Account | You must have this in order to write a check to someone. |
| Layaway Plan | A scheduled payment plan in which you pay a small amount of money down and make regular payments until you have paid for the item. |
| Debit Card | It electronically withdraws money from a person's checking account. |
| Credit Card | A card that you can use to buy now and pay later using a method of payment called credit. |
| Insurance | A protection plan to manage personal and household risks. |
| Risk | An activity or action that might be dangerous. |
| Risk Management | Actions you take to make risks less dangerous or not dangerous at all. |
| Risk Prevention | Actions you take to stop consequences of risks from happening. |
| Savings | Money set aside for short-term or long-term goals. |
| Expense | The cost of goods and services. |
| Interest | The amount of money the borrower pays for the use of a lender's money. |
