Financial Goals
Something you can purchase that you can live without.
Want, Desire, Entertainment, etc.....
Where does most adults get their monthly income from?
Job or Work
Putting money aside so that you can use it later is called.
Savings
This is a business where people can deposit money, withdraw money, and save money?
Bank.
Something you can buy that you can't live without.
Need.
Name 2 monthly expenses that an adult that owns a house has that is a need.
Money you expect to make/earn?
Income
If I save $20 a week; how many months take to have $400?
5 Months
Something you want to achieve soon, such as in 2 weeks or a few months.
Short-term Goals
Name 2 monthly expenses that an adult that owns a house has that is a want.
Entertainment Apps (Netflix, Hulu, etc...)
WiFi
Expenses that we spend money on every month are also called...
Bills
When you make a choice to buy one thing over another, that is called?
Opportunity cost / trade off
Something you want to achieve in the future in one year, in five years, or when you're an adult.
Long-term Goals
Name 3 expenses that comes with buying a car?
Car Payments
Insurance
Gas
Maintenance
A spending plan to help you manage your money.
Budget
Your car payment is $300 a month for 48 months. How much does the car cost?
$14,400