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Strand 2 - Decision

Financial Lit. P7

TermDefinition
Need Aspects that are necessary. (i.e housing, mode of transport, insurance, etc.)
Want Aspects that an individual would like but isn't necessary. (i.e entertainment services, new items, gifts, etc.)
Emergency fund 3-6 months of expenses.
S.M.A.R.T Specific goal, Measure your process, Attainability, Relevancy, Time.
Cost analysis Calculation of potential earnings.
Endowment effect Psychological behavior of being more likely to retain an object you own than acquire that same object when you don't own it.
Loss aversion Feeling worse to lose something but better to earn something.
Search engine optimization Keywords to get onto front page.
Logo/branding Visual identity of a company.
Created by: cam_barber
Popular Insurance sets

 

 



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