Maslow's
praise, support, assurance, and affection
Love & Belonging
The first decision in selecting housing
Whether to rent or buy
A plan for where your money will go
Budget
Individual Life Cycle
Any place a person lives
Home
Shelter, food, water, and rest
Physical
What happens when a tenant fails to pay their rent
Eviction
A reason that someone would avoid a budget
Negative connotation
Feels restrictive
Never had a good experience
Don't want to know
This part of the family life cycle includes the years of caring for school aged children and teens
Parenting
The amount of people who rent their housing in the United States
1/3
How you advance through the hierarchy of needs
Top to bottom; can't move up on the hierarchy of needs until basic needs are met
Pro of this; cheaper payments, no down payment required, easier to move
Renting
The money you take home
Net income
The part of the Family Life Cycle that includes the early period of a marriage when a couple is without children
Beginning
The money you originally agreed to pay back
Principal
drives individuals to develop to their fullest potential
Self-Actualization
Includes rental amount, security deposit, utilities, signatures, etc.
Lease
Expenses that are generally stay the same and are paid on a regular basis
Fixed Expenses
This stage of the Family Life Cycle begins with retirement
The piece of land in which a dwelling is built
Site
a person's need for respect, thus gaining confidence and feeling needed
Esteem
The final stage in the Home-Buying Process
The closing
The final step of budgeting, in which you make adjustments accordingly throughout time
Keep track
This stage of the Family Life Cycle includes pregnancy and caring for preschoolers
Childbearing
A need for older adults to remain independent and live safely and comfortably in their homes regardless of age, income, or ability level
Aging in Place