Shared Flashcard Set

Details

Key Terms
Personnal Finance
20
Finance
10th Grade
02/29/2012

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Cards

Term
Lifestyle Conditions
Definition
Life style that affects his or her style of living
Term
Age
Definition
Set of consecutive ages that tend to have similar incomes, needs, and expenses
Term
Dependants
Definition
Indivisuals who  rely on someone elese for fiancial support
Term
Economic Outlook
Definition
state of the economy whether favorable or unfavorable as measearued by economy indicaters including intrest and unemployment rates
Term
Education Level
Definition
the highest rate in school or degree completed
Term
Employment Status
Definition
A persons work surcomstances whether employed, unemployed, full-time, part-time self or other employed
Term
Health Condition
Definition
A person's health factoer, whether sick or well, anle or diabled, injury or not
Term
Marital Staus
Definition
Whether married or single, divoreced, or separated
Term
Financial Life Cycle
Definition
Typical stages of life a person accumulates during a life cycle.
Term
Wealth
Definition
Having more income than one needs
Term
Basic Wealth protection
Definition
The stage which most people form a family and begin to start an income
Term
Wealth Accumulation
Definition
The stage that includes the peak earning years giving money to ones self
Term
Wealth Distribution
Definition
The stage of retirement of wealth, compensation, money giving to chosen ones 
Term
Beginning Family
Definition
A family of young adults who marry
Term
Expanding Family
Definition
A child bearing family has one or more children
Term
Parenting Family
Definition
A developing family with children growing into middle childhood and early teens
Term
Launching Family
Definition
A family wiht middle age parents and children. Leaving children for college
Term
Mid-Years Famliy
Definition
A leaving
Term
Aging Family
Definition
 Elderly adults usually retired
Term
Variations
Definition
Familes that do not follow the typical lifestlye stages.
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