Savings and Budgeting
All the money decisions a person or family makes including earning, budgeting, saving, spending and planning for the future
Personal Finance
A plastic card used to buy a good or service using debt
Credit Card
Payment for work
Salary or Wages
The money you make on an investment
Interest
Everything a company does to get consumers to but their product
Marketing
Anything of value that is owned by an individual
Asset
The charge for borrowed money or the earnings on money you invest
Interest
The amount of money you get to take home after taxes and deductions
Take-home pay
the kind of Interest that is paid on an investment and on the interest earned
Compound interest
Something that motivates or encourages someone to do something, such as coupons and special offers
Incentives
A monthly plan of how you are going to save and spend your income
Budget
Another name for a house loan
Mortgage
How much more you can earn in your career if you have a college degree
$15,000-$30,000 per year
the kind of interest paid only on the principal investment
Simple Interest
An unplanned , spur of the moment purchase generally sparked by advertisement of emotions or incentives
Impulse Purchase
Anything you owe; a debt
Liability
Financial Aid for school that does not need to be repaid; awarded on the basis of academic or athletic achievement or other criteria
Scholarship
Someone who takes the risk associated with creating and producing new goods or starting a business
Entrepreneur
An investment set up by yourself of your employer and kept until retirement
IRA/401K
The state of being satisfied with what you have
Contentment
The total value of a person's asset minus their liabilities
Net worth
A university program that allows a student to work part-time to help pay for college
Work Study
Name one of the six ways to get a job
Don't create drama
Don't gossip
Be positive and encouraging
Be a self starter
Accept responsibility
Show up on time
A collection of stocks, bonds and other investments owned by a group of investors who put their money together. Often managed by an investment company.
Mutual Fund
According to a survey teens spend most of their money on these two things
Food and Clothing