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Financial Literacy

Understanding personal financial literacy

TermDefinition
needs what you must have to survive.
wants what you would like to have but do not need to survive.
goals what you want to achieve; help provide direction in life.
values strong beliefs, feelings or ideas about what you feel is important.
consumer a person who buys goods and services.
advertisement a message that persuades consumers to buy a product or services.
trend temporary fashion or product
impulse buying making a sudden decision to buy something you did not plan to purchase.
income the money you earn and receive regularly.
decision a choice you make about what to do or say in a given situation.
opportunity cost The cost we pay when we give up something to get something else.
long term goal A goal that can be achieved in months, years, or even an entire lifetime.
short term goal A goal that can be achieved in a few days, weeks, or months.
job Work you do for money.
career Something you build by going to school and working jobs related to the career you want.
entrepreneur A person who starts his or her own business.
Created by: user-1665900
Popular Family and Consumer sets

 

 



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