Financial Literacy
An overview of an individual’s current financial position and strategies.
What is Financial Planning?
You can use ________ to decide whether or not college is worth its cost.
What is Cost-Benefit Analysis?
The nature of financial planning.
What is the development of a strategy to meet a person’s financial needs over the course of a lifetime?
The family life cycle consists of five stages.
What is The beginning, expanding, developing, launching, and aging.
A social security number.
What is keeping a record of your covered earnings?
The moral principles or beliefs that direct a person’s behavior.
What is Ethics?
A powerful decision-making tool, particularly in business.
What is Marginal Analysis?
To do buy the things you desire you can ______.
What is budget
Personal financial crisis
What is a major problem that changes one lifestyle or future.
My Earned income.
What is the income received from employment, including self-employment?
Goals
What is an objective to be attained in a specific amount of time?
Even before applying laws of economics to help make financial decisions, one rule is obvious.
What is Common Sense?
A goal that be reached in little time.
What is Short-term goal.
To avoid financial problems.
What is practical credit controls, regular savings, insurance protection.
Payment for work that is usually calculated on an hourly.
What is wages
You have analyzed your needs and wants, values, and ethics, you can set goals for your _______
What is financial plan?
a management system, you manage human and nonhuman resources with.
What is Personal information management (PIM)?
A software program that formats data in columns and rows.
What is a spreadsheet?
You contact them when you're in debt.
What is contact creditors?
Some people are paid low wages.
What is minimal wage?
Tools that can be used to reach goals.
What is Resources?
"A job well ______ is a job half done"
What is Planning?
a cost that changes both with the amount and time it must be paid.
What is variable expenses?
Toddler, preschool, and elementary school years
Children become primary focus.
What is family life cycle?
I have a fixed payment for work, which doesn't change.
What is a salary?