1. Millionaire Words to Know

2. scarcity  Scarcity is when there is not enough of something to go around.

3. income  Income is how much money you get, either from a job, chore, or as a gift.

4. deposit  When you add money to the money that you already have, that is called a deposit.

5. expenses  Expenses are the money that you spend, either on things that you need or on things that you want.

6. withdrawal  When you take money away from the money that you have and spend it, that is called a withdrawal.

7. budget  A budget is a record that you keep of your income and expenses.

8. budget  Once you know how much money you earn and how much you save, you will know how much money you have left over.

9. budget  With a budget, you can plan to have more money left over by spending less money.

10. Financial goals  A financial goal is when you decide how much money you want to have to use for a specific reason.

11. savings  When you keep money, and not spend it, so that it adds up to be more and more money, it is called savings.

12. Beginning balance  The beginning balance is the total amount of money that you have to begin with.

13. Ending balance  The ending balance is the total amount of money you have after you had added your income or taken away your expenses.