Module 1: Money Management - Review

Any money you receive such as an allowance or paycheck is called spending log.

Saving a certain amount of money to be used later for financial goals is called variable expenses.

Setting aside money to have on hand for unexpected expenses and events is called...

Age, values, family, and peers are all factors that can influence decisions.

Sue will by 2 new tires 3 months from now. Each costs $75. How much will she need to save each month to reach her goal?

Joe wants to buy his nana's car for college next year. She will sell him the car for $1200 in a year. This is a ___ goal

Giving up the next best choice when making a decision is opportunity cost.

A value can be described as.....

Which of the following is considered a need?

A predictable amount of money spent to buy or do something that is the exact same amount each time is a fixed expense.