Budget Word Scramble
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Term | Definition |
expenditures | money that is spent on goods, services, and bills |
impulse buying | making a purchase based on an immediate want or due to the pressure of advertising |
long-term goals | plans that take a year or more to accomplish |
needs | goods or services that people cannot survive without, such as water, food, shelter, and clothing |
short-term goals | plans that can be accomplished within three months to a year |
wants | goods or services that make people more comfortable or content but which are not necessary for survivial |
budget | a record of income and spending and a plan for managing mmoney |
discretionary income | money available to spend on goods and services that are not essential |
opportunity cost | the next best alternative given up when making a financial choice |
scarcity | the economic condition of limited resources that prevents people from having everything they want |
Created by:
mnunn
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