Key Terms
Putting money aside for the future.
Saving
A budget can be adjusted to reach a _______ goal.
Savings
Goals you want to reach soon, like a game or art supplies.
Short Term
A share or piece of a public company.
Stock
Short-Term Goals → ______-risk options like savings accounts, TFSAs, or GICs.
Lower
Paying for goods or services.
Spending
Set _________ savings goals based on your situation.
realistic
Something you save for a specific longer period, such as a class or outing.
Mid-Term
A mix of investments, such as stocks and bonds, shared by many investors.
Mutual Fund
Mid- & Long-Term Goals → May include bonds, mutual funds, or stocks. A person may consider a _______ _________of risk.
higher level
A money goal for saving or spending.
Financial Goal
You may need to reduce spending to reach your _______.
Goal
Future goals, like a car or post-secondary education.
Long-Term
What is a HISA
High Interest Savings Account
Higher-risk investments may offer higher returns but also carry the risk of ______.
loss
A plan for managing income and expenses.
Budget
Tracks income, expenses, and savings.
Budget
Money lent to a company or government that is repaid with interest.
Bond
Buying something that may increase in value or earn income.
Investing
Money earned from an investment or the cost of borrowing money.
Interest