SAVING
SAVING PART 2
KEY TERMS
KEY TERMS PT. 2
Lifestyles & Stages of Life
100
Money set aside for the future.
What is saving?
100
items with lasting value, the purchase of which is considered a form of savings.
What is durable goods?
100
The highest grade in school or degree completed.
What is education level?
100
The amount of goods/services available at any point in time.
What is supply?
100
People who rely on another person for primary financial support---e.g, children, spouse, other family members.
What is dependents?
200
means forming the habit of saving regularly and finding forms of saving that yield high returns.
What is responsible saving?
200
A type of employment specialist
What is a Headhunter
200
Borrowing; buying now, paying later.
What is credit?
200
A period in which individuals/businesses are financially successful and thriving.
What is prosperity?
200
Whether married or single, divorce, separated, etc.
What is marital status?
300
money set aside for unplanned expenses.
What is an emergency fund?
300
Having enough money saved to be able to withstand crises and emergencies.
What is financial security?
300
To get a promotion and/or raise in salary.
What is advance?
300
An economic period of six months or more when growth is slowed down.
What is recession?
300
A child-bearing family; has one or more young children.
What is expanding family?
400
A set of consecutive ages that tend to have similar incomes, needs, and expenses.
What is age?
400
money is neither good nor bad.
What is amoral?
400
A person's work circumstances, whether employed or unemployed, full-time or part-time, self-or other-employed.
What is employment status?
400
The stage during which most people form a family, begin to work and earn money.
What is basic wealth protection?
400
The stage of retirement and wealth consumption, money given to chosen ones.
What is wealth distribution?
500
The percentage by which your money grows.
What is rate of return?
500
If it can go wrong, it will: unexpected events.
What is Murphy's law?
500
A free enterprise system in which consumers respond to the economy as they wish --- in their earning, spending, saving, and borrowing.
What is market economy?
500
The total output of goods and services in a nation
What is gross domestic product?
500
The stage that includes the peak earning years, giving money to oneself.
What is wealt accumulation?
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