Making Informed Decisions
giving up one thing for another
Trade-Off
A sum of money demanded by a government to support the government itself as well as specific facilities or services
Taxes
Secure and liquid accounts offered by Depository institutions assisting in the management of a savings fund
Savings Tools
the desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
Want
tax on earned and unearned income
Income Tax
businesses that provide financial services
Depository institution
goods or services that are required for survival
NEED
must report your and your parent/ guardian's information
Dependent
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets, and other mobile devices
Mobile Banking
a fundamental belief or practice about what is desirable, worthwhile, and important to an individual
Value
Helps pay for health care for senior citizens
Medicare
How quickly something can be converted into cash.
Liquidity
What does SMART in SMART goals stand for?
Specific
Measurable
Attainable
Realistic
Time Bound
•Income for:
•Retirees
•People with profound disability
•Children who have lost a parent
•A person with children who has experienced the death of a spouse
Social Security
Assets- Liabilities=
Net Worth