Adult Roles
The state of being happy, healthy, and prosperous.
What is well-being?
Money put into an account is this.
What is a deposit?
Money earned is called this.
What is income?
A choice that is made about things that impact a person's life.
What is a decision?
Something thought to be a necessity or an essential item required for life.
What is a need?
A specific task done as part of the routine of one's occupation.
What is a job?
Money taken out of an account is called what?
What is withdrawal
Money spent is known as this.
What is an expense?
Made on a day-to-day basis and does not require a lot of thinking.
What is a routine decision?
Something unnecessary but desired.
What is a want?
A wide category of jobs with similar characteristics.
What is an occupation?
The price of money.
What is interest?
A strategy that recommends a person sets aside a portion of money (savings) each time they receive any.
What is the "pay yourself first" strategy?
Choice that has a long-term effect on a person's life.
What is a major decision?
Fundamental beliefs or practices about what is desirable, worthwhile, and important to an individual.
What is a value?
A life-time journey of building and making good use of skills, knowledge, and experiences.
What is a career?
The most common type of financial institution.
What is a commercial bank?
A report that lists each credit card transaction, account balance, and the payment due/due-date.
What is a monthly statement?
Specific, Measurable, Attainable, Realistic, and Time Bound
What is SMART goal?
When goods, services, or money is received in exchange for a promise to pay a definite sum of money at a future date.
What is credit?
Minimum necessities, comforts, or luxuries thought to be essential.
What is standard of living?
A portion of income not spent on current expenditures.
What is savings?
Acquired through various jobs, volunteering, hobbies, or school sports.. can be used in an individual's job or career, and enhance an individual's human capital, and CAN be transferred from job to job.
What is transferable skills?
Which step is not part of the decision making process?
A. identify the problem
B. List the alternatives
C. Decide without considering consequences
D. Evaluate the results
What is C?
Skills acquired through the process of self-investment.
What is human capital?