2. Schedule  An organized written plan to help reach your goals within a certain period of time.

3. Procrastination  Putting off difficult or unpleasant tasks until later Often tasks are completed later in a hurry, and the job is done poorly Productive Someone who uses their time wisely to try and get everything done that they have to.

4. Budget  A written plan for spending money wisely.

5. Income  The amount of money a person earns from working.

6. Expenses  Different ways people spend their money.

7. Financial Obligations  Money spent on necessary purchases, that people cannot avoid, such as food, school supplies, shelter, heating, and clothing.

8. Fixed Expenses  Regular expenses that remain similar in price and cannot be avoided such as rent/ mortgage, cable bill, or food.

9. Flexible Expenses  Cost of items, such as clothing, entertainment or vacations that vary in price and are not purchased regularly.

10. Loan  A specific amount of money someone can borrow from a bank or business to make an expensive purchase with the promise to pay it back (usually monthly) $200,000 $40,000 $1,500

11. Interests  An added fee to an existing loan due to the amount of time it took to pay back OR  credit added to an individuals bank account by a bank or business (acts as a thank you for doing business)

12. Credit  Funds given to a person to make a purchase or purchases now, with the promise to pay it back later.

13. Checking Account  Programs offered by banks or other financial institutions that keep your spending money in a safe place. When making purchases at a store or paying bills people can write checks or use there checking account card to make the payments. It is important you have the correct amount of funds in your account.

14. Saving Account  Programs offered by banks or other financial institutions that keep all the money your saving in a safe place. Saving accounts are for the money someone doesn’t plan on spending.

15. Consumer  Any person who buys or uses goods and services.

16. Advertisement  A paid public announcement about goods, services, or sales to try and get consumers attention.

17. Comparison Shopping  Looking at several brands and models of a similar product in different stores in hopes to get the most for your money.

18. Impulse Buying  An unplanned or spur of the moment purchase that was not in ones budget. Often results in people buying items they don’t really need nor can afford.