| A | B |
|---|
| Financial Plan | Ongoing process that will support both your current needs and your future needs, such as retirement. |
| Wealth | The amount of money you have left over after you list your assets and subtract your debt. |
| Cost of Living | The amount of money needed to cover basics such as housing, food |
| Budget | The best estimate of revenue and expenditures to help guide financial choices |
| Saving | Setting aside for a purchase in the near future through savings account |
| Investing | Owning a share of a business with the expectation that you will get a higher return. |
| Speculating | Gambling money with the goal of getting a high return in a short period of time such as day-trading |
| Investment Vehicle | A way for an individual to invest their money with the hopes of growing it. |
