Vocab for mrs roberson Flashcards


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created 1 year ago by Rainey
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vocabulary
updated 1 year ago by Rainey
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cyber foundations
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1

Bonds

arguments to lend money to companies or the government. They agree to pay you back by a certain date, with higher interests than a savings account.

2

borrow

to use something from something else with the promise of returning it.

3

budget

a plan for using your money over a set period of time. It helps you keep track of what you earn, spend, and save.

4

career

a type of job you do for a long time and may require a education training, or experience related to it.

5

cash

money that is available and ready to use like bills and coins.

6

Certificate of deposit

a saving certificate that gains interest and has a set time before you can withdraw your money (if you take your money out early, you be likely be charged a fee.)

7

charity

giving resources or volunteering time to help those in need

8

comparison shopping

finding out whether or not what you are about to buy can be found for a better price or in better shape at a different store.

9

compound interest

money that a financial institution pays you to borrow your money. it is calculated by multiplying the percentage rate times your balance (or total amount in your account) plus any i you have already earned.

10

credit

when you borrow money and promise to pay it back later

11

credit history

a record of how you pay back money you borrow

12

debt

money that you have to pay back

13

goal

something you want to achieve. When you have a goal, then you can plan steps to achieve it. There are short-term, medium-term, and long-term goals that all take different amounts of time to achieve it.

14

gross income

the full amount you earned

15

insurance

helps pay for emergencies, you pay a little money at set times. Then if you have an emergency, insurance will help pay for it! You can get insurance for your home, your health, your car, and more!

16

interest(on an account)

money that a financial institution pays you to borrow your money. It is calculated as a percentage of the amount of money you have in your account.

17

interest(for a job)

The topics or types of things that you enjoy learning about or spending your time doing.

18

investments

saving options, like stocks or bonds, that can make your money grow faster than a savings account. But you might not be able to take out your money anytime you want. And with some investments, you could also lose money.

19

job

work you do for money

20

limited

not having enough money to buy what you want

21

need

things you must have in order to survive like food, shelter, and safety

22

net income

the amount you take home after paying taxes and anything else that gets taken out of your pay

23

opportunity cost

what you give up in order to get something else

24

overtime

working extra hours to get extra money

25

paycheck

It's payday and Rainey just received her paycheck. What should she do with the money?

26

prioritizing

when you put things in order of how much they matter.

27

reliable

a quality that means something or someone can be trusted to what has been agreed upon

28

risk

an activity or action that might be dangerous

29

salary

payment for a years work of work that is divided into equal portions that are payed to you with each paycheck

30

savings account

an account at a financial institution that gains interest and allows withdraws

31

simple interest

...

32

skills

...

33

spending

...

34

stocks

...

35

taxes

...

36

track your spending

...

37

wage

...

38

wants

...