Quizlet

Flashcards: Unit 7: Home management and Consumer Education

Instructions

  1. Print this webpage. If you can, set your printer to Grayscale for faster printing.
  2. Fold each page down the middle along the solid vertical line.
  3. Cut along the dotted horizontal lines.
  4. Optional: Use tape, glue, or staples to hold the two sides of each flashcard together.

This will print 6 pages (5 terms/page). This box will be automatically hidden when printing. ← Back to Set Page

advertisinga message to persuade consumers to purchase a particular product or service
alternativesthe different choices you can make to deal with a situation
attitudea persons basic outlook on life or a specific topic or issues
budgetan orderly program for spending, saving, and investing the money you earn to achieve desired goals; also called a financial plan or spending plan
cancelled checka check that i stamped to show it has been paid
checka written order directing a bank to pay money as instructed from a particular account
check registera record of deposits to and withdrawals from a checking acount
comparison shoppingcomparing products and prices in different stores before making a purchase
consumera person who uses goods and services
credit carda card entitling the holder to goods and services which are charged to his account
creditan arrangements that allows consumers to buy goods or services now and pay for them later
credit ratinga record of whether or not a person has paid his or her bills on time in the past
deposita payment that is a partial amount of the cost of a good or service, or to add money to an account
expensethe cost of goods and services
financial planan orderly program for spending, saving, and investing the money you earn to achieve desired goals; also called a budget or spending plan
fixed expensesset costs that must be paid such as rent, insurance, and car payments
fraudact of deceiving or misrepresentation
identity theftthe illegal use of someone elses personal information
impulse buyingmaking a unplanned or quick purchase without giving it much thought
incomemoney received that is available to spend and save
insuranceprotection against financial loss
interestthe price a borrower pays a creditor for the use of money over a period of time
investmentsavings that are used to earn income
managementusing resources effectively to achieve goals and solve problems
occupationa regular activity, expecially a persons employment or job
outstanding checkthose checks issued by a depositor but not yet reported on a bank statement
tellera person who recieves or pays out money at a bank
warrantya written promise by a manufacturer that a product will meet specified standards of performance