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Vault! Vocabulary Flashcards | StudBud
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Vault! Vocabulary
Vault! Vocabulary
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Basic Personal Finance Vocabulary
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
The cost of the things people spend money on
Expense
Need
Wnat
2
A spending plan people make in order to make sure there is enough income to cover expenses
Budget
Expense
Inflation
3
Buying stuff without thinking about whether you need it or not
Wants
Needs
Impulse Buying
4
The price of goods and services rises over time
Interest
Inflation
Charity
5
Something you obtain by going to school and working jobs related to the work you want to do
Loan
Job
Career
6
Bank
An account that gains interest and allows withdrawals
The knowledge and skills to manage money
A place where people put their money for safe keeping
7
A person who starts his or her own business
Peer Pressure
Entrepreneur
Reliability
8
Need
An activity or action that might be dangerous
Something you can live without
Something you truly can not live without
9
What a person owns of value, such as jewelry, savings, a home, a car, and art
Asset
Interest
Bank
10
Something you would like to have but will be ok without
Savings
Want
Services
Need
11
The cost we pay when we give up something to get something else
Opportunity Cost
Investing
Inflation
12
A savings certificate that gains interest and has a set time before you can withdraw your money
Savings Acccount
Health Insurance
Certificate of Deposit
13
Money set aside for short- or long-term goals
Savings
Salary
Want
Investing
14
Work you do for money
Job
College
Career
15
The knowledge and skills to manage money
Budget
Financial literacy
Entrepreneur
