Personal Financial Literacy Vocabulary

the knowledge, education, or skills that can be used by a person to earn income --

a way to buy something and pay for it later

an organization or person that lends money

not having enough of a resource

putting money aside on a regular basis in order to reach a goal

paying money for goods and services that you expect

giving things like money, items and time to others and not expecting anything in return

plenty of resources; there is enough for everyone who wants it

Work or service performed by people for wages that provide goods or services for others...

paying money for goods and services you do not expect

things used to produce goods and services

To receive credit or money on loan with the promise and understanding of returning it

the amount of money something would bring if sold

An organization or person that lends money

money you pay when you borrow money or money you receive for lending money

things a person wishes to have but can live without

money earned by doing work

an amount of money put aside for the future

things a person must have to survive

The difference between expenses and money received or money taken in