Consumer Finance

What is debts owed by an individual or family? 

Janice is in her science class. She has $2 and wants to buy a soda during her lunch.  

What is expenses that remain the same over a given period of time?

Jason borrowed $20 from Mrs. Wilson. Jason has not paid his teacher back the $20.

What is expenses that can be changed or modified each month?

Daniel is saving to buy a new video games for his birthday in one month. What goal is this? 

What is money earned through employment and investments?   

What is the process of using a financial plan to control your money.

What is an estimate of expected income, expenses and savings?

Jane receive an allowance of $20 per week and has $10 from her birthday.She now has $30 total. 

Daniel is saving to buy a new video games for his birthday in June. What is he doing? 

Terry plans to go to college after high school. What type of goal is this?