| A | B |
|---|
| Reflect | think deeply or carefully about |
| Define | to state the exact meaning of a word or phrase |
| Describe | to give an account in words; tell or write about |
| Compare | examine to note the similarities and differences |
| Except | to exclude; with the exclusion of |
| Investment | Securities and real estate purchased and held for the production of income in the form of interest, dividends, rentals or base payments |
| Debt | An obligation resulting from borrowed money or from the purchase of goods and/or services. Debts of government include bonds and notes. |
| Budget | A written plan for spending money wisely |
| Income | The money a person earns |
| Expenses | the cost required for something; the money spent on something |
| Fixed Expenses | an expense that does not change from month to month |
| Flexible Expenses | an expense that changes from month to month |
| Taxes | money the government takes from your paycheck to pay for programs |
| Withdrawal | to take money out of an account |
| Deposit | to put money into an account |
| Net Pay | the total amount of money that the employer pays in a paycheck to an employee after all required and voluntary deductions are made |
| Disposable Income | The money you have to spend or save as you wish after taxes, social security, and other required and optional deductions have been withheld from your gross pay |
| Interest | An amount of money paid by a bank or savings and loan for the use of a person's money |
| Gross Pay | total amount of money that the employer pays in wages to an employee |
| Credit | Funds given to a person to make a purchase now with the promise to pay later |
| Consumer | A person who buys or uses goods and services |
| Balance | How much money you have in your account right now |
| Transaction | to put money in or take money out of your account |
| Depreciation | The decrease in value of physical assets due to use and passage of time. |
| Assets | Anything of value owned by a person or business. |
