Money In Your Life
Specific objectives that are accomplished through financial planning.
What are Financial goals?
Goods or services that are required for survival.
What are Needs?
Specific objectives that are accomplished through financial planning.
What is Financial goals?
A group of people with common interests and concern for the common good.
What is a Community?
A tax on property, such as land, buildings (including homes), and automobiles.
What is a Property tax?
Managing money continuously through life in order to reach your financial goals.
what is Financial planning?
The value of the next best alternative that must be forgone as a result of a decision.
What is Opportunity cost?
Managing money continuously through life in order to reach your financial goals.
What is Financial planning?
Money earned from working for pay.
What is Earned income?
A tax on purchased goods and services.
What is a Sales tax?
Managing money in ways that build a sense of understanding, competence, and control.
What is Financial well‐being?
Giving up one thing for another.
What is a Trade‐off?
Something a person intends to acquire, achieve, or accomplish in the future.
What is a Goal?
Taxes collected from the seller or retailer and as such often remain “hidden” in the price of a product or service, rather than being listed separately.
What is an Excise tax?
A sum of money demanded by a government to support the government itself as well as specific facilities or services.
What is a Tax?
Feeling good about one’s life.
What is general Well-Being?
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual.
What is a Value?
A goal that will be attained in more than one year.
What is a Long‐term goals?
A tax on earned and unearned income.
What is an Income tax?
A person who pays a tax to national, state, county or municipal governments.
What is a taxpayer?
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival.
What is a Want?
The value of the next best alternative that must be forgone as a result of a decision.
What is an Opportunity cost?
A tax on earned income
What is a Payroll tax?
Income received from sources other than employment.
What is Unearned Income?