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 someone 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.
