Financial Literacy Basics

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credit

Back

An agreement to receive cash now and pay it back later

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borrower

Back

Someone who receives money with a promise to repay the money

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lender

Back

An organization or person that lends money

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budget

Back

A plan for making and spending money

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financial goals

Back

Plans for how you will pay for your personal goals

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estimate

Back

To make a careful guess; (the number is not exact)

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savings

Back

Money you put in a bank account to use in the future

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expenses

Back

The money spent on something.

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calculate

Back

To find an amount or number using math

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overestimate

Back

An estimate that is greater than the exact answer.