Spending
One who purchases goods and services to use
What is a consumer?
Signing your name as the payer on the back of your check?
What is endorse?
Putting away money for a goal
What is saving?
Money received for performing a job.
What is income?
A bank account that permits you to make deposits and withdrawals in various amounts at any time
What is a savings account?
Impulse Buying
What is making purchases without enough thought?
Money taken out of an account
What is withdraw?
What the bank pays for using your money
What is interest?
Something that is necessary
What is a need?
A desire or longing
What is want?
Checking prices on items of similar quality and size to determine the best buy for the cost.
What is comparison shopping?
Something sold at a price favorable to the buyer
What is a bargain?
Paying money to buy needs and/or wants
What is expense?
A commodity or service such as electricity or water provided by the public
What is utilities?
The end toward which you focus your effort
What is a goal?
Written record of purchase at time of sale containing the name of the item purchased, the data, price and usually the name of the business
What is a sales receipt?
"Take home" pay or what is left after deductions are taken out of your pay check
What is net pay?
The interest figured on your initial amount your started saving and the accumulated earned interest from each year you save that amount
What is compound interest?
The payment a tenant makes for using or occupying the property of another
To put in a bank
What is deposit?
A consumer who makes wise choices
What is a savvy shopper?
Amount of money earned before deducations
What is gross pay?
Using money responsibly
What is money management?
Paying cash or arranging for credit to make a purchase
What is financing?
Giving up something to gain something else
What is opportunity cost?