Personal Financial Literacy Vocabulary

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

money earned by doing work

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

things a person must have to survive

a way to buy something and pay for it later

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

not having enough of a resource

An organization or person that lends money

an organization or person that lends money

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

paying money for goods and services that you expect

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

The difference between expenses and money received or money taken in

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

things used to produce goods and services

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

paying money for goods and services you do not expect

an amount of money put aside for the future

things a person wishes to have but can live without

the amount of money something would bring if sold