Financial Literacy Definitions

Define Needs

Partner... Expenses involved in setting up or running a business or an enterprise

Match with its partner "Money you earn from work or other sources"

Partner... Money that you borrow and have to give back

Match with its partner "What you'd like to have but don't really need"

Partner... "A plan showing where your income will come from and where you think it will go"

Match with its partner "What happens because of a decision you make"

Match "Selecting a choice" with its partner

Partner "Money you put away (for example, in the bank) for use at a later time"

Partner.. What you want to acheive

Find its partner "What you are prepared to give up to get what you want (opportunity cost)

Partner ... "Options you have before making a decision"

Partner.. Paying for goods and services

Partner.... "What you owe other people or organisation"

Partner.. The money you make after you have paid for all your costs

Partner... Having enough money to pay for the goods or services you decide to buy