Chapter 22 The Importance of Saving Money Flashcards
1
Q
income
A
money that is earned from work or investments
2
Q
interest
A
money paid for the use of someones else’s money
3
Q
long-term goal
A
an objective to strive for or work hard toward, but which is very far away
4
Q
sacrifice
A
something important or valued that is given up, especially for something else important
5
Q
short-term goal
A
something you want to achieve in the near future
6
Q
trade-off
A
exchanging one thing for another
