Money Terms 1

The extra fee charged for borrowing money, or the cost of borrowing money

A loan that a person uses to pay for things, but is expected to pay back.

Money set aside for short- or long-term goals

Money earned from working and other means

An activity or action that might be dangerous

A spending plan people make in order to make sure there is enough income to cover all expenses.

When you purchase a security like a stock or bond, in hopes that over time it will make money

Something you would like to have but will be okay without

Helps people invest their money

Considering different information to make a choice.

What a person owns of value, such as jewelry, savings, art, a home, and a car.

The price of goods and services rises over time 

A goal that can be achieved in a short amount of time; it may take a few days, weeks, or months

Something you truly can not live without.

An expert at handling money and can give you information and advice about saving and investing

Just like a bank, only its members own it.

The cost of the things that people spend money on.

Work you do for money

A goal that can be achieved in a longer amount of time; months, years, or a lifetime

The knowledge and skills to manage money.

A savings certificate that gains interest and has a set time before you can withdraw your money

The cost we pay when we give up something to get something else

An account that gains interest and allows withdrawals

A place where people put their money for safekeeping, and for ease of use.

Things that are made to be sold