EverFi Vault - Understanding Money

An example of a wants is...

annual tax on employees earnings imposed by the U.S. and most states governments.

being trustworthy; being responsible

money earned from working and other means

payment for work, calculated hourly, daily, or piecework basis; paid weekly or monthly

Purchase of a security (stock or bond) in the hope that it will increase in value over time

result of training and working jobs related to the work you want to do

a savings certificate that gains interest and has a set time before you can have it

Cost paid when we give up something to buy something else

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

Financial Literacy

what a person owns of value, such as jewelry, savings, art, a home, a car

using resources to find the best deal or best price

giving resources or volunteering time to help those in need

What is an example of a risk?

person who is expert at handling money and can provide info and advice on saving and investing.

a person who starts his or her own business

spending plan made in order to ensure people have enough income to cover expenses

The term for the rise or increase in the price of goods and services over time.

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

a fee added to the sticker price that is paid to the state

keeping important information to yourself or between yourself and close family members

An example of a good is...

what a Brokerage Firm does

Money set aside for short ­‐ or long ­‐term goals