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What Do You Know About - Money Management Flashcards | StudBud
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What Do You Know About - Money Management
What Do You Know About - Money Management
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This is a preview of Financial Literacy for EDUC 1030
Flashcards
10 cards
F
Practice quiz
P
Host live
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Questions
10
Answers
1
Which of the following can influence a person's decisions?
family
peers
age
all of these
2
Any money received as paycheck or allowance is known as
straight cash, homie
income
windfall
dolla dolla billzz
3
Which of these is considered a need?
an iPhone 6
lunch at Local Burger
shelter
a new Jeep
4
A strategy that will help a person stick to a spending plan is
all of these
write out goals and post in a visible place
tell others about goals
create SMART goals
5
Saving a certain amount of money to be used later for financial goals is known as
PYF
spending log
cash flow
DECIDE
6
A medium-term goal has a time frame of
3 months to a year
1-2 years
0 to 3 months
2-5 years
7
A belief or desire that one considers to be important is called a(n)
value
opinion
want
need
8
Setting aside money to have on hand for unexpected expenses and events is called
income
PYF
emergency fund
cash flow
9
Giving up the next best choice when making a decision is known as
variable expense
PYF
fixed expense
opportunity cost
10
A predictable amount of money spent to buy/do something and is the exact same amount every time
variable expense
fixed expense
opportunity cost
spending log