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41 Cards in this Set
- Front
- Back
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Assets |
what a person owns of value, such as jewelry, savings, art, a home, and a car |
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Bank |
a place where people put their money for safekeeping, and for ease of use |
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Brokerage firm |
helps people invest their money |
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Budget |
a spending plan people make in order to make sure there is enough income to cover all expenses |
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Career |
something you obtain by going to school and working jobs related to the work you want to do |
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Certificate of deposit |
a savings certificate that gains interest and has a set time before you can withdraw your money |
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Charity |
giving resources or volunteering time to help those in need |
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Comparison shopping |
finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store |
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Controlling risks |
stuff you do to make risks less dangerous or not dangerous at all |
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Credit |
a loan that a person uses to pay for things, but is expected to pay back |
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Credit union |
just like a bank, only its members own it |
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Decision making |
considering different information to make a choice |
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Entrepreneur |
a person who starts his or her own business |
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Financial advisor |
a person who is an expert at handling money and can give you information and advice about saving and investing |
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Financial literacy |
the knowledge and skills to manage money |
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Goods |
Things that are made to be sold |
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Health insurance |
helps people pay for medicine and doctors when they are sick or hurt |
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Impulse buying |
buying stuff without thinking about whether or not you need it |
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Income |
money earned from working and other means |
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Income tax |
annual tax placed on the money employees make at jobs and collected by the federal government, most states, and some local governments |
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Inflation |
the price of goods and services rises over time |
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Interest |
the extra fee charged for borrowing money, or the cost of borrowing money |
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Investing |
when you purchase a security like a stock or bond, in the hopes that over time it will make money |
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Job |
work you do for money |
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Long-term goal |
a goal that can be achieved in a longer amount of time; it can take months, years, or even an entire lifetime |
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Need Opportunity cost |
something you truly can not live without the cost we pay when we give up something to get something else |
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Payment method |
what you use to pay for something, like cash or a check |
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Peer pressure |
doing stuff just because your friends are doing it, or because your friends told you to, because you want your friends to like you and think you are coo |
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Privacy |
keeping important information to yourself or between yourself and close family members |
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Reliability |
being trustworthy; being responsible |
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Risk |
an activity or action that might be dangerous |
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Salary |
payment for work, represented as a yearly sum and paid in portions every week, two weeks, or month; can also include sick time and vacation time |
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Sales tax |
a fee added to the sticker price of an item that is paid to the state or city |
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Savings |
money set aside for short- or long-term goals |
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Savings account |
an account that gains interest and allows withdrawals |
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Short-term goal |
a goal that can be achieved in a short amount of time; it may take a few days, weeks, or months |
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Services |
Work people get paid to do |
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Spend |
to use money to buy stuff |
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Taxes |
fees placed on income, purchases, or property to support government programs |
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Wage |
payment for work, usually calculated on an hourly, daily, or piecework basis and paid on schedule—usually every week, two weeks, or month |
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Want |
something you would like to have but will be okay without |
