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Flash cards
Personnal Finance
24
Finance
10th Grade
02/27/2012

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Cards

Term
Goals
Definition

Something a person intends to acquire, achieve, reach, or accomplish

 

Ex: It is my goal to pass personnal finance!

Term
Specific
Definition

Exact, clearly defined or explained

 

Ex: I need specific information inorder to get my friend what dog she wants.

Term
Measurable
Definition

A figure that can be objectively assessed---e.g, a measurable cost or time

 

Ex: I need to know hoe much my bills are, I need to know the measurable amount I need.

Term
Attainable
Definition

Able to be reached---e.g., a budget amount that can be realized

 

Ex: There's a bike thats only 105 of my paycheck, now I know it's attainable.

Term

Realistic

Definition

In keeping with reality, likely to happen

 

Ex: My daughter says she wants a convertable mustang, but she makes minimum wage. She needs to be more realistic.

Term
time-bound
Definition

Containing a date when a goal will be reached

 

Ex: My computer is broken, its going to take about a month to fix, so its very time-bound.

Term

Alternative

Definition

An option or choice

 

Ex: My mom said I can't cook at the party, even thougn I want to help out. So my next alternitvie is to clean.

Term
Pro
Definition

A reason in favor of an option; a potential benefit

 

Ex: my pro from exercise is that I won't just loose weight, but I will also be healthy!

Term
Con
Definition

A reason in opposition to an option; a potential limitation or weakness

 

Ex: A con, from eating cake is that I will gain some weight

Term
Impulse
Definition

A whim or sudden desire to do something; acting without thinking

 

Ex: When a child fell, my direct impulse was to catch him.

Term
Habit
Definition

A learned Behavior that is repeated over and over , usually without thinking

 

Ex: Some people have a habitnof biting their nails.

Term
Cultural
Definition

Related to the traditions, beliefs, roles, and communication styles of a group

 

Ex: Somr people celibrate diffrent holidays than others due to their cutural backround

Term
Societal
Definition

Related to all people, collectively

 

Ex: Society says that more children these days (teens) are getting pregnant more so than adults.

Term
Demographic
Definition

Statistical data about a population

 

Ex: Demographic amount of  iol companys are are going down and consumers pay wil be gping down

Term
Economic
Definition

Related to the state of the economy, the financial balance of a population

 

Ex: U.S. economic status is in the state where we are going throough a recession

Term
Technology
Definition

Products, resources, and systems used for specific purposes

 

Ex: Many teens want technology and electronics

Term
Media
Definition

Print, sound, and image channels through which information is conveyed

 

Ex: The media is currently going on about presidential electins this year

Term
Legal
Definition

Related to the law

 

Ex: it is legal to smoke in some states

Term
Morals
Definition

Related to a sense of right and wrong

 

Ex: Some poeple just don't know when ton stop spreading gossip, where are their morals?

Term
Need
Definition

Somehting we mustr have inorder to live

 

Ex: People need clothes, not necissarily Areopastle or Hollister

Term
Want
Definition

Something one desires to improve quality of living that is not required to live

 

Ex: I want to have vans instead of ordinary tennis shoes

Term
Value
Definition

A fundamental belief about what is desirable and worthwhile

 

Ex: Some people valuse the little that they have

Term
Standards
Definition

A measure of quality or excellence

 

Ex: Students have honorol are rewarded since they went above and beyond the standards

Term
Priority
Definition

The relative importance a person places on a value, goal, or alternative

 

Ex: Peoples first priotery is to take care of themselves before others

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