Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Personal Finance

Personal Finance Unit 1

Need Goods or services that are required for survival
Opportunity Cost The value of the next best alternative that must be forgone as a result of a decision
Trade-Off Giving up on one thing for another
Value Value A fundamental belief or practice about what what is desirable, worthwhile, and important to an individual
Want The desire for goods and services that can increase our quality of life are not absolutely necessary for our survival
Goal Something a person intends to acquire, achieves, or accomplish in the future
Financial Goals Specific objectives that are accomplished through financial planning
Short-term goal A goal that will be attained in less than one year
Financial Planning Managing money continuously through life in order to reach your financial goals
Long-term goals A goal that will be attained in more than one year
S- specific Clearly defined end result
M- measurable Determine exactly when you will know that the goal has been met
A- attainable Create a step-by-step plan outlining exactly
R- realistic For the goal to be real
T- Time Bound Specifically state when the goal will be reached
Created by: Session.3