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17 Cards in this Set
- Front
- Back
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Personal financial planning |
is an arranging to spend,save, and invest money to live comfortably, have financial security, and achieve goals. |
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Goals |
Are things you want to accomplish |
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values |
Are the beliefs and principles you consider important, correct, and desirable |
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liquidity |
is the ability to easily convert financial assets into cash without loss in value |
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service |
a task a machine or person do for you. |
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good |
Goods are physical items that are produced and can me measured and weighed |
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consumer |
A person who purchases a good or service |
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interest |
the price that is paid for the use of another's money |
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time value of money |
which is the increase of an amount of money due to earn internist or dividends. |
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principal |
Is the original amount of money on debit |
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future value |
Is the amount your original deposit will be worth in the future based on the earnings a specific interest rate over a specific period of time. |
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annuity |
series of regular deposits. |
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present value |
which is the amount of money you would need to deposit now in order. |
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estimate |
is the amount of money you think you have. |
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consume |
use up |
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weigh |
consider |
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accumulate |
collect |
