Vocabulary: Budgeting, Spending, and Saving

Vocabulary Budgeting, Spending And Saving

Bank- A business that hold and lend people money

Budget a list of sources of money coming in and going out

Consumer- someone who buys goods and services.

Credit Union- organization that is similar to a bank accept that it is owned by the people who deposit the money into it

Economy's- the study of money and how we use it

Financial- relating to money

Goal-  a desired result

Interest - money in a bank pays a person for keeping his or her money in the bank

Need- something a person must have to survive

Opportunity cost- what you give up to pay for something else

Taxes- money taken from the government to pay for activities and resources

What- something a person would like but does not need