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