financial literacy vocabulary

Front

Creating a plan for managing income and expenses to meet financial goals.

Back

Budgeting

Front

The general increase in prices of goods and services over time, resulting in the decrease in purchasing power.

Back

Inflation

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

Money earned from various sources, such as employment, investments, or business activities.

Back

Income

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

The difference between a person's assets and liabilities, representing their overall financial worth.

Back

Net Worth

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

Setting aside money for future use or emergencies.

Back

Saving

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

The amount of money borrowed or owed to someone.

Back

Debt

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

A financial product that provides protection against potential future losses or damages.

Back

Insurance

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Front

The process of allocating resources, usually money, to generate income or profit.

Back

Investing

Front

A numerical expression of a person's creditworthiness, based on their credit history.

Back

Credit Score

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Front

A plan for how to spend and save money over a specific period of time.

Back

Financial Plan