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17 Cards in this Set
- Front
- Back
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Personal Financial Planning |
Arranging to spend, save, and invest money to live comfortably, have financial security, and achieve goals. |
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Goals |
The things one wants to accomplish |
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Values |
The beliefs and principles you consider important, correct, and desirable |
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Liquidity |
The ability to easily convert financial assets into cash without loss in value |
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Service |
A task that a person or machine performs for you |
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Good |
A physical item that is produced and can be weighed or measured |
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Consumer |
A person who purchases and uses goods and services |
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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 |
The increase of an amount of money due to earned interest or dividends |
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Principal |
The original amount of money on deposit |
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Future Value |
The amount an original deposit will be worth in the future based on earning a specific interest rate over a specific period of time |
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Annuity |
A series of equal regular deposits |
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Present Value |
The amount of money one would need to deposit now in order to have a desired amount in the future |
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Estimate |
Make an approximate calculation of something |
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Consume |
Use up |
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Weigh |
Consider |
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Accumulate |
Collect |
