Personal financial planning
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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| Personal financial planning | A person's arrangement to spend, save, and invest their money in order to live comfortably, have financial security, and achieve goals
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| Goals | Things you want to accomplish
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| Values | Beliefs and principles you consider important, correct, and desirable
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| Liquidity | The ability to easily convert assets into cash without a loss in value
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| Service | A task that a person or machine performs for you such as haircut or tax preparer
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| Good | A physical item that is produced and can be weighed or measured
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| Consumer | A person or entity that purchases and uses goods and services
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| Interest | The price that is paid for the use of another's money
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| Opportunity cost | The thing that is given up when one thing is chosen above another. The next best thing.
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| Time value of money | The increase in an amount of money due to earned interest or dividends
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| Principal | The original amount of money deposited or borrowed that earns or costs interest
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| Future value | The amount your original deposit will be worth in the future based on earning a specific interest rate over a specific period of time
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| Annuity | A series of equal, regular deposits
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| Present Value | An amount of money you need to deposit now to attain a desired amount in the future
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| Estimate | Make an approximate calculation of
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| Consume | Use up quickly
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| Weigh | Consider among options
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| Accumulate | Collect over time
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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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