The resource corporations gather by selling ownership

Why is a budget important?

Following a budget will keep you out of debt.

Why is a budget important?

To know how much money you are spending w/o going overboard

Extra money you pay because they loaned you money.

The amount of money that you owe.

A consumer is someone who...

buys or uses a good or service.

Money borrowed, that you will have to repay.

Why is financial literacy important?

so you can make better decisions in life with your money

What is the second step in Goal Setting?

List steps for reaching the goal

Which statement about variable expenses is true?

Variable expenses are easier to cut than fixed expenses

Money put into a public company

The amount of money you owe to a person or business

Why is a budget important?

Following a budget will keep you out of debt.

What is financial literacy?

The understanding of earning and spending money.

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Flocabulary Review -Goals/Budgeting

27 termsStudBud Administration239 plays

Imported from external platform

Flashcards27 cardsFPractice quizPHost liveL

Questions 27

Answers

1
What are stocks?
Helps hold money
The resource corporations gather by selling ownership
Things you put on your feet
Gaining money and resources
2
Why is a budget important?
Interest on a budget could accumulate into compound interest.
Following a budget will keep you out of debt.
Budgets make you money.
Because writing a budget could be fun.
3
Why is a budget important?
To determine how much money you are to spend on a house.
Allow or provide a particular amount of money in a budget.
So you are able to buy a cool car.
To know how much money you are spending w/o going overboard
4
What does the S stand for in SMART?
Speed
Specific
Special
Specificity
5
What does the "M" in SMART Goals Represent?
Manageable
Money
Minecraft
Measurable
6
What is interest?
A bank account.
Extra money you pay because they loaned you money.
Something that catches your attention.
A piece of paper.
7
What does the R stand for in a SMART goal?
Remove
Relevant
Remotely
Reasoning
8
In SMART goal setting, the A stands for
Attention
Attainable
Ask
Assume
9
What is debt?
The minimum amount of money you have to pay.
The amount of money that you have spent in that cycle.
The amount of money that you owe.
The maximum amount of money you can spend on that card.
10
What is the first step in Goal Setting?
Brainstorm what you want your outcome to be
Evaluate if you met your goal or not
Develop a clear, SMART goal
List steps for reaching a goal
11
A consumer is someone who...
makes a good.
exports goods.
buys or uses a good or service.
provides a service.
12
Rent and car insurance payments are both which type of expenses?
Fixed costs that are needs
variable costs that are needs
variable costs that are wants
Fixed costs that are wants
13
What is a loan?
A gift of money.
Money borrowed, that you will have to repay.
Money someone gives you.
A contest you win.
14
What does the "T" stand for in the SMART acronym for goal setting?
trustworthy
tasteful
temporary
timely
15
What is the main purpose of a budget?
to find new sources of income
to determine the amount of taxes to be paid
to differentiate between needs and wants
to keep track of cash flow
16
Why is financial literacy important?
so you can get a good grade
because your teacher says it is
to get a new job
so you can make better decisions in life with your money
17
What is the second step in Goal Setting?
List steps for reaching the goal
Develop a clear, SMART goal
Omit ideas that don't follow personal values
Identify what you want the outcome to be
18
Which statement about variable expenses is true?
variable expenses should not be included in the budget
Variable expenses are easier to cut than fixed expenses
Variable expenses include wants but not needs
Variable expenses include only large costly items
19
What are stocks?
A vegetable broth
Money put into a public company
It's the exact same as a bond
Pennies
20
What is something a SMART Goal is not?
Measureable
Timely
Undefined
Specific
21
What is Opportunity Cost?
What you are going to get
What you recieved
What you gave up
What happened in the past
22
What is debt?
The amount of money you owe to a person or business
The ability to borrow money
The amount of money you have in your checking account.
The amount of money you have in investments
23
Why is a budget important?
Interest on a budget could accumulate into compound interest.
Following a budget will keep you out of debt.
Budgets make you money.
Because writing a budget could be fun.
24
What does the S in SMART Goals represent?
Special
Smart
Student
Specific
25
What is financial literacy?
The understanding of bank services.
I understand adding and subtracting money.
The understanding of earning and spending money.
The ability to read and write.
26
What is the first step in goal setting?
Evaluate results
Make a promise
List tasks
Establish a vision
27
Financial Literacy is only important ...
for people with careers in finance
For people who want to be rich
for everyone
For people who are poor and mismanage money.

Flocabulary Review -Goals/Budgeting Flashcards | StudBud

Flocabulary Review -Goals/Budgeting

27 termsStudBud Administration239 plays

Imported from external platform

Flashcards27 cardsFPractice quizPHost liveL

Questions 27

Answers

1
What are stocks?
Helps hold money
The resource corporations gather by selling ownership
Things you put on your feet
Gaining money and resources
2
Why is a budget important?
Interest on a budget could accumulate into compound interest.
Following a budget will keep you out of debt.
Budgets make you money.
Because writing a budget could be fun.
3
Why is a budget important?
To determine how much money you are to spend on a house.
Allow or provide a particular amount of money in a budget.
So you are able to buy a cool car.
To know how much money you are spending w/o going overboard
4
What does the S stand for in SMART?
Speed
Specific
Special
Specificity
5
What does the "M" in SMART Goals Represent?
Manageable
Money
Minecraft
Measurable
6
What is interest?
A bank account.
Extra money you pay because they loaned you money.
Something that catches your attention.
A piece of paper.
7
What does the R stand for in a SMART goal?
Remove
Relevant
Remotely
Reasoning
8
In SMART goal setting, the A stands for
Attention
Attainable
Ask
Assume
9
What is debt?
The minimum amount of money you have to pay.
The amount of money that you have spent in that cycle.
The amount of money that you owe.
The maximum amount of money you can spend on that card.
10
What is the first step in Goal Setting?
Brainstorm what you want your outcome to be
Evaluate if you met your goal or not
Develop a clear, SMART goal
List steps for reaching a goal
11
A consumer is someone who...
makes a good.
exports goods.
buys or uses a good or service.
provides a service.
12
Rent and car insurance payments are both which type of expenses?
Fixed costs that are needs
variable costs that are needs
variable costs that are wants
Fixed costs that are wants
13
What is a loan?
A gift of money.
Money borrowed, that you will have to repay.
Money someone gives you.
A contest you win.
14
What does the "T" stand for in the SMART acronym for goal setting?
trustworthy
tasteful
temporary
timely
15
What is the main purpose of a budget?
to find new sources of income
to determine the amount of taxes to be paid
to differentiate between needs and wants
to keep track of cash flow
16
Why is financial literacy important?
so you can get a good grade
because your teacher says it is
to get a new job
so you can make better decisions in life with your money
17
What is the second step in Goal Setting?
List steps for reaching the goal
Develop a clear, SMART goal
Omit ideas that don't follow personal values
Identify what you want the outcome to be
18
Which statement about variable expenses is true?
variable expenses should not be included in the budget
Variable expenses are easier to cut than fixed expenses
Variable expenses include wants but not needs
Variable expenses include only large costly items
19
What are stocks?
A vegetable broth
Money put into a public company
It's the exact same as a bond
Pennies
20
What is something a SMART Goal is not?
Measureable
Timely
Undefined
Specific
21
What is Opportunity Cost?
What you are going to get
What you recieved
What you gave up
What happened in the past
22
What is debt?
The amount of money you owe to a person or business
The ability to borrow money
The amount of money you have in your checking account.
The amount of money you have in investments
23
Why is a budget important?
Interest on a budget could accumulate into compound interest.
Following a budget will keep you out of debt.
Budgets make you money.
Because writing a budget could be fun.
24
What does the S in SMART Goals represent?
Special
Smart
Student
Specific
25
What is financial literacy?
The understanding of bank services.
I understand adding and subtracting money.
The understanding of earning and spending money.
The ability to read and write.
26
What is the first step in goal setting?
Evaluate results
Make a promise
List tasks
Establish a vision
27
Financial Literacy is only important ...
for people with careers in finance
For people who want to be rich
for everyone
For people who are poor and mismanage money.