Learn about your debt - still more terms
Income: Any money a person receives.
Inflation: An increase in the price of goods and services. Will result in a need for additional dollars to be able to purchase the same items in the future.
Interest: The cost for the use of money.
Invest: Money set aside for future income, benefit, or profit to meet longer-term goals.
Loan Term: The length of time covered by a loan.
Mutual Fund: An investment that pools money from several investors and uses it to buy a particular type of investment, such as stocks.
Needs: The essentials or basics of life. Those things that you cannot live without.
Net Income: The amount of a paycheck that a person can actually spend; essentially gross income less any payroll deductions.
Opportunity Cost: The value of what is given up when a person chooses one option over another.
On to still more terms.