Clickety Clack, Let's Keep Track!
Printed on November 21st 2009
Banking
The industry involved with conducting financial transactions. Also, conducting business with a bank, e.g., maintaining a checking or savings account or obtaining a loan.
Budget
A spending-and-savings plan, based on estimated income and expenses for an individual or an organization, covering a specific time period.
Choice
Decision made or course of action taken when faced with a set of alternatives.
Economic Security
Protection against economic risks, such as unemployment, accidents on the job, business failures or natural disasters, over which people have little or no control.
Functions of Money
Money functions as a medium of exchange, a store of value, and also a unit of account.
Money Management
A system for income and spending that allows for the achievement of financial and consumer goals.
Savings
Money set aside for a future use that is held in easily-accessed accounts, such as savings accounts and certificates of deposit (CDs).
Glossary terms from: http://www.econedlink.org/lessons/index.php?lid=361&page=teacher