Financial Decisions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Needs: | things people must have to live
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Wants: | things people like and desire
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Short term goal: | a statement about what a person wants to do that can be reached in a short amount of time: 1 day - 1 year
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Long term goal: | a statement about what a person wants to do that can be reached in 1 year - 5 years
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Savings plan: | a plan to save (or spend) money in order to reach a financial goal
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Goods: | touchible items that can be purchased, example: a shit, a car , a movie ticket
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Services: | activities that can be purchased, example: lawn service, massage, house cleaning
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Opportunity cost: | the cost that is paid when you give up something to get something else; a trade off, example: if I buy this ice cream cone I will not have enough money to buy a new shirt
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Inflation: | the cost of goods and services rises over time
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Human capital: | skills, talent and/or education a person has
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Income | amount of money you earn or receive from different sources
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
alowe
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