regretting a purchase soon after making it

to buy an item with credit; paying over time

having a beginning and an end; money is finite—it has limits

the true cost of something in terms of what you have to give up to get an item; the benefits you would have received by taking the other action

an amount of money you spend, usually $300 or more, that causes some pain to part with

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PF Ch 5: Debt

Vocabulary from Chapter 5

Term	Definition
Buyer’s Remorse	regretting a purchase soon after making it
Financing	to buy an item with credit; paying over time
Finite	having a beginning and an end; money is finite—it has limits
Opportunity Cost	the true cost of something in terms of what you have to give up to get an item; the benefits you would have received by taking the other action
Significant Purchase	an amount of money you spend, usually $300 or more, that causes some pain to part with