Behavioral
Economics
Economics
A mental shortcut used in decision-making
What is a heuristic?
Account used for everyday spending
What is a checking account?
Money paid on income
What is income tax?
Initial payment for a car
What is a down payment?
Buying something without planning
What is impulse buying?
Account that earns interest
What is a savings account?
Form showing yearly earnings
What is a W-2?
Monthly car payment plan
What is a loan?
Feelings that influence decisions
What are emotions?
Spending more money than available
What is overdraft?
Government uses taxes for this
What are public services?
Cost to protect your car
What is insurance?
What is a bias?
A charge from a bank
What is a fee?
Tax on purchases
What is sales tax?
Paying to use a car temporarily
Choosing based on logic instead of emotion
Record of transactions in your account
Filing taxes each year
What is tax return?
Total cost including gas, insurance, repairs
What is cost of ownership?