Personal Finance Ch.3 Review

Purchasing Boba or sweet tea are examples of paying for a "want".

A new sports car is an example of a need.

Spending, saving, and investing to have the kind of life you want and financial security can be achieved by:

Goals that are two to five years ahead are:

The increase in money that Jennifer earns due to dividends and interest 5 years after she began to deposit is the concept of:

The best example of purchasing a "service" is

Alexa bought a second game system when she got her first paycheck. Her action is an example of:

The trade-off made by making one choice instead of another is referred to as:

Earning interest on previously earned interest is called ______.

Beliefs and principles that a person considers important, correct, and desirable are called ______.