credit - When you borrow money to buy something that costs more than you have, wants - Things we would LIKE to have, but do NOT NEED to survive, needs - Things that we MUST HAVE in order to survive, or essential, like shelter and food, scarcity - When human wants or needs exceed the resources that are available, save - To put aside money for future needs or wants, spend - To use money for something that you want or need, interest - Money you pay when you borrow money, beyond the amount borrowed, natural resources - Resources that come from nature,

Personal Finance Vocabulary

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