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Study sets matching "chapter 2 personal finance"

5 terms
Personal Finance Chapter 2
compound interest
emergency fund
interest rate
Five Foundations
interest paid on interest previously earned
$500 in readily available cash to be used on in the event of…
% paid to a lender for use of borrowed money (in debt) OR % e…
The five steps to financial success
compound interest
interest paid on interest previously earned
emergency fund
$500 in readily available cash to be used on in the event of…
36 terms
Personal Finance Chapter 2
annuity
assets
balance sheet
budget
A fixed sum of money that occurs annually.
Items that one owns.
A financial statement that describes a person's financial pos…
A detailed financial report that looks forward, based on expe…
annuity
A fixed sum of money that occurs annually.
assets
Items that one owns.
17 terms
Personal Finance Chapter 2
Internship
aptitudes
networking
potential earning power
A position in which a person receives training by working wit…
Natural abilities.
A way of making and using contacts to get job information and…
The amount of money you may earn over time.
Internship
A position in which a person receives training by working wit…
aptitudes
Natural abilities.
20 terms
Personal Finance Chapter 2
Job
Career
Standard of living
Trends
Work you complete to earn money
Commitment to work in a field you enjoy
Measure of quality of life
A general direction where something is developing or changing
Job
Work you complete to earn money
Career
Commitment to work in a field you enjoy
19 terms
Personal Finance: Chapter 2
assets
balance sheet
budget
budget variance
Cash and other property with a monetary value.
A financial statement that reports what an individual or a fa…
A specific plan for spending income; also called a spending p…
The difference between the amount budgeted and the actual amo…
assets
Cash and other property with a monetary value.
balance sheet
A financial statement that reports what an individual or a fa…
14 terms
Personal Finance: Chapter 2
Interest
Simple interest
Compound interest
Annuity
The rent charged for the use of money
Interest on a loan computed as a percentage of the loan amoun…
The process of earning interest on interest.
The payment of a series of equal cash flow payments at equal…
Interest
The rent charged for the use of money
Simple interest
Interest on a loan computed as a percentage of the loan amoun…
12 terms
Personal Finance Chapter 2: Saving
compound interest
emergency fund
interest rate
Five Foundations
interest paid on interest previously earned
find hundred dollars in readily available cash to be used onl…
percentage paid to a lender for the use of borrowed money (in…
the five steps to financial success
compound interest
interest paid on interest previously earned
emergency fund
find hundred dollars in readily available cash to be used onl…
9 terms
Chapter 2 Personal Finance
Compound Interest
Emergency Fund
Interest Rate
Five Foundations
interest paid on interest previously earned; credited daily,…
five hundred dollars in readily available cash to be used onl…
percentage paid to a lender for the use of borrowed money (in…
the five steps to financial success, save a 500$ emergency fu…
Compound Interest
interest paid on interest previously earned; credited daily,…
Emergency Fund
five hundred dollars in readily available cash to be used onl…
22 terms
DHS - Personal Finance - Chapter 2
Compound Interest
Emergency Fund
Interest Rate
Five Foundations
Interest paid on interest previously earned; credited daily,…
Five hundred dollars in readily available cash to be used onl…
Percentage paid to a lender for the use of borrowed money (in…
The five steps to financial success.
Compound Interest
Interest paid on interest previously earned; credited daily,…
Emergency Fund
Five hundred dollars in readily available cash to be used onl…
15 terms
Personal Finance Chapter 2
Interest Rate
Sinking Fund
Compound Interest
Emergency Fund
A rate which is either charged or paid for the use of money
Saving money over time for a large purchase
Interest paid on interest previously earned
A savings account that is set aside to be used only for emerg…
Interest Rate
A rate which is either charged or paid for the use of money
Sinking Fund
Saving money over time for a large purchase
48 terms
Personal Finance Chapter 2
Personal Finance Statements
Balance Sheet
Income and Expense Statement
Budget
planning tools that provide an up-to-date evaluation of your…
Describes a person's financial position the assets you hold m…
measures financial performance over time.
A detailed financial report that looks forward, based on expe…
Personal Finance Statements
planning tools that provide an up-to-date evaluation of your…
Balance Sheet
Describes a person's financial position the assets you hold m…
11 terms
Personal finance chapter 2
Calculation for net worth
Insolvency
Cash flow statement (personal income o…
discretionary income
Items of value-amounts owed=net worth
The inability to pay debts when they are due because of liabi…
A financial statement that summarizes cash receipts and payme…
money left over after paying for housing, food, and other nec…
Calculation for net worth
Items of value-amounts owed=net worth
Insolvency
The inability to pay debts when they are due because of liabi…
20 terms
Personal Finance Chapter 2
job
career
standard of living
trends
work that you do mainly to earn money
a commitment to work in a field that you find interesting and…
a measure of quality of life based on the amounts and kinds o…
developments that mark changes in a particular area
job
work that you do mainly to earn money
career
a commitment to work in a field that you find interesting and…
Personal Finance Chapter 2
Car Loan
Credit Card
Credit Score
Debt Collector
a short-term, personal loan to purchase a car; monthly paymen…
a plastic card used to buy goods or services using debt
an assigned number to signal to lenders a persons ability to…
someone who collects debts owed to others
Car Loan
a short-term, personal loan to purchase a car; monthly paymen…
Credit Card
a plastic card used to buy goods or services using debt
10 terms
Personal Finance Chapter 2
Compound Interest
Emergency Fund
interest rate
Five Foundations
interest paid on interest previously earned; credited daily,…
five hundred dollars in readily available cash to be used onl…
percentage paid to a lender for the use of borrowed money (in…
the five steps to financial success
Compound Interest
interest paid on interest previously earned; credited daily,…
Emergency Fund
five hundred dollars in readily available cash to be used onl…
22 terms
Personal Finance Chapter 2
fiat money
money supply
budget deficit
budget surplus
money deemed by the government to be legal tender
the total amount of money in circulation
a financial situation that occurs when more money is spent th…
a financial situation that occurs when more money is received…
fiat money
money deemed by the government to be legal tender
money supply
the total amount of money in circulation
15 terms
6e Personal Finance Chapter 2
Identity
Values
Lifestyle
Aptitude
A sense of who you are and how you fit in
Ideals in life that are important to you
The way people choose to live their lives, based on the value…
A natural physical or mental ability that allow you to do cer…
Identity
A sense of who you are and how you fit in
Values
Ideals in life that are important to you
65 terms
Chapter 2 - Personal Finance
b
e
b
d
26. Money management refers to... A. Preparing personal financia…
27. Which of the following is NOT a component of money manage…
28. A home file should be used for storing... A. All financial d…
29. Which of the following financial documents would most lik…
b
26. Money management refers to... A. Preparing personal financia…
e
27. Which of the following is NOT a component of money manage…
15 terms
Personal Finance TC Chapter 2
Personal Balance Sheet
Assets
Liabilities
Net Worth or Equity
a financial statement that lists items of value owned, debts…
anything of value that is owned
anything that is owed to someone else
A measure of the level of your wealth. Assets minus your debts.
Personal Balance Sheet
a financial statement that lists items of value owned, debts…
Assets
anything of value that is owned
19 terms
Consumer and Personal Finance Chapter 2
model
assumption
direct relationship
inverse relationship
is a simplification of reality used to understand the relatio…
is something that is accepted as being true.
is a positive relationship between two variables. When one va…
is a negative relationship between two variables. The variabl…
model
is a simplification of reality used to understand the relatio…
assumption
is something that is accepted as being true.
20 terms
personal finance chapter 2
the occupational outlook handbook
construction
leisure time
the reason you want a particular job
good places to look for job listings include all the followin…
high interest rates are likely to reduce employment opportuni…
a demographic trend that has boosted careers in health, physi…
a cover letter gives a potential employer
the occupational outlook handbook
good places to look for job listings include all the followin…
construction
high interest rates are likely to reduce employment opportuni…
77 terms
Personal Finance Chapter 2
1. needs, wants, goals 2. sense of pur…
Identity
1. values and lifestyle 2. aptitude an…
Values
Why do people work?
____ - of who they are and how they fit in.
What are some factors that affect career choice?
____ - are the ideals in life that are important to you.
1. needs, wants, goals 2. sense of pur…
Why do people work?
Identity
____ - of who they are and how they fit in.
19 terms
Personal Finance Chapter 2
Money management
Safe deposit box
Balance Sheet
Assets
Day-to-day financial activities necessary to manage current p…
A private storage area at a financial institution with maximu…
A financial statement that reports what an individual or a fa…
Cash and other property with a monetary value.
Money management
Day-to-day financial activities necessary to manage current p…
Safe deposit box
A private storage area at a financial institution with maximu…
30 terms
Personal Finance Chapter 2 Terms
Minimum Wage
Overtime Pay
Comission
Entrepreneur
The lowest pay rate allowed by law for each regular hour of w…
Pay received for hours worked in addition to regular hours
A set fee or percentage of a sale paid to an employee instead…
A person who takes the risks of being self-employed and ownin…
Minimum Wage
The lowest pay rate allowed by law for each regular hour of w…
Overtime Pay
Pay received for hours worked in addition to regular hours
5 terms
Personal Finance Chapter 2
Compound Interest
Emergency Fund
Interest Rate
Five Foundations
Interest paid on interest previously earned; credited daily,…
$500 in readily available cash to be used only in the event o…
Percentage paid to a lender for the use of borrowed money (in…
The five steps to financial success
Compound Interest
Interest paid on interest previously earned; credited daily,…
Emergency Fund
$500 in readily available cash to be used only in the event o…
17 terms
Personal Finance - Chapter 2
budget
income
legal documents
court of law
a plan to use your money
money you make from a job
formal documents that can be used in court and government
a place where a judge makes decisions
budget
a plan to use your money
income
money you make from a job
25 terms
Personal Finance Chapter 2 Vocab
Benefits
Commission
Disposable Income
Dividends
Forms of pay other than salary or wages
A set fee or percentage of a sale paid to an employee instead…
Money available to spend or save after taxes have been paid
A portion of a corporation's profits distributed to stockhold…
Benefits
Forms of pay other than salary or wages
Commission
A set fee or percentage of a sale paid to an employee instead…
15 terms
Personal Finance ~ Chapter 2 Vocabulary
Identity
Values
Lifestyle
Aptitude
Who a person is and how they fit in.
The ideals in life that are important to you.
The way people choose to live their lives, based on the value…
A natural physical or mental ability that allows you to do ce…
Identity
Who a person is and how they fit in.
Values
The ideals in life that are important to you.
15 terms
Personal Finance Ch 2
aptitude
experience
goal
identity
A natural physical or mental ability.
The knowledge and skills acquired by working in a career field.
A desired end toward which efforts are directed.
A sense of who you are as a person and how you fit in with th…
aptitude
A natural physical or mental ability.
experience
The knowledge and skills acquired by working in a career field.
19 terms
Personal Finance Chapter 2
assets
balance sheet
budget
budget variance
cash and other property with a monetary value
a financial statement that reports what an individual or a fa…
a specific plan for spending income
the difference between the amount budgeted and the actual amo…
assets
cash and other property with a monetary value
balance sheet
a financial statement that reports what an individual or a fa…
15 terms
RHS Personal Finance Vocabulary Chapter 2
Asset
Budgeting
Credit Management
Equity
Something owned.
The process of forecasting future expenses and income.
Decision making about getting and using credit.
Ownership in something.
Asset
Something owned.
Budgeting
The process of forecasting future expenses and income.
9 terms
Personal Finance Chapter 2 Vocabulary
Compound Interest
Simple Interest
Emergency Fund
Interest rate
Interest paid on interest previously earned; credited daily,…
Interest earned only on the original principal amount invested
Readily available cash to be used only in the event of an eme…
Percentage paid to a lender for the use of borrowed money (in…
Compound Interest
Interest paid on interest previously earned; credited daily,…
Simple Interest
Interest earned only on the original principal amount invested
9 terms
Personal Finance Terminology Ch 2
Compound Interest
Emergency Fund
Interest Rate
Five Foundations
Interest paid on interest previously earned; credited daily,…
Significant money readily available (cash) to be used only in…
Percentage paid to a lender for the use of borrowed money or…
Helpful tips for financial peace through savings, budgeting,…
Compound Interest
Interest paid on interest previously earned; credited daily,…
Emergency Fund
Significant money readily available (cash) to be used only in…
14 terms
Personal Finance chapter 2 vocab
identity
values
lifestyle
aptitude
which is who you are and how you fit into the world
are the ideals in life that are important to you
the way people choose to live their lives, based on the value…
a natural physical or mental ability that allows you to do ce…
identity
which is who you are and how you fit into the world
values
are the ideals in life that are important to you
25 terms
Personal Finance Chapter 2
Aggressive Growth Stock Mutual Fund
Growth Stock Mutual Fund
Growth and Income Mutual Fund
International Stock Mutual Funds
A mutual fund that attempts to achieve the highest capital ga…
A growth fund is a diversified portfolio of stocks that has c…
A growth and income fund is a mutual fund or exchange-traded…
A mutual fund that can invest in companies located anywhere o…
Aggressive Growth Stock Mutual Fund
A mutual fund that attempts to achieve the highest capital ga…
Growth Stock Mutual Fund
A growth fund is a diversified portfolio of stocks that has c…
19 terms
Personal Finance - Chapter 2
Education level is a major influence o…
Aptitude test measure a person's inter…
An informational interview has the pur…
A chronological resume is most appropr…
True
True
False - Selection interview
True
Education level is a major influence o…
True
Aptitude test measure a person's inter…
True
18 terms
Foundations of Personal Finance Chapter 2
budget
income
expense
fixed expense
plan for the use of money over time based on goals, expenses,…
any form of money received, such as an allowance, a paycheck,…
the cost of goods and services you buy
set amount that must be paid each budget period.
budget
plan for the use of money over time based on goals, expenses,…
income
any form of money received, such as an allowance, a paycheck,…
27 terms
Personal Finance Chapter 2
Career
Career planning
Career plan
Values
The lifework chosen by a person to use personal talent, educa…
Used to help identify an employment pathway that aligns your…
Strategic guide for your career through short, medium, longer…
The principles, standards, or qualities that you considered d…
Career
The lifework chosen by a person to use personal talent, educa…
Career planning
Used to help identify an employment pathway that aligns your…
22 terms
Economics and Personal Finance: Chapter 2
Economics
Factors and Production
Land
Labor
The study of how people produce, distribute, and use of goods…
The resources that are used to make goods and services.
All natural resources that are used to make goods and services.
The effort people devote to tasks for which they are paid.
Economics
The study of how people produce, distribute, and use of goods…
Factors and Production
The resources that are used to make goods and services.
38 terms
Chapter 2 Personal Finance
Wage
minimum wage
overtime
salary
pay for each hour worked
lowest wage allowed by law
time and a half
pay for each month/year
Wage
pay for each hour worked
minimum wage
lowest wage allowed by law
20 terms
personal finance chapter 2
potential earning money
career
cooperative education
résumé
the amount of money you may earn over time
a committment to work in a field that you find interesting
programs that allow students to enhance classroom learning wi…
a one or teo page summary of your education, training, and qu…
potential earning money
the amount of money you may earn over time
career
a committment to work in a field that you find interesting
7 terms
Personal Finance Chapter 2
Compound Interest
Emergency Fund
Interest Rate
Five Foundations
Interest paid on interest previously earned
A savings account that is set aside to be used only for emerg…
Percentage paid to a lender for the use of borrowed money; pe…
The five steps to financial success
Compound Interest
Interest paid on interest previously earned
Emergency Fund
A savings account that is set aside to be used only for emerg…
20 terms
Personal Finance Chapter 2
Job
Career
Standard of Living
Trends
Work that you do mainly to earn money.
A commitment to work in a field that you find interesting and…
A measure of the quality of the life based on the amounts and…
Developments that mark changes in a particular area
Job
Work that you do mainly to earn money.
Career
A commitment to work in a field that you find interesting and…
20 terms
Chapter 2:Personal Finance
Job
Career
Standard of Living
Trends
work that a person does for pay.
A commitment to work in a field that you find interesting and…
A measure of quality of life based on the amounts and kinds o…
developments that mark changes in a particular area.
Job
work that a person does for pay.
Career
A commitment to work in a field that you find interesting and…
Personal Finance_Chapter 2
Compound Interest
Emergency Fund
Interest Rate
Five Foundations
Interestpaid on interest previously earned; credited daily, m…
Five hundred dollars in readily available cash to be used onl…
Percentage paid to a lender for the use of borrowed money (in…
The five steps to financial success
Compound Interest
Interestpaid on interest previously earned; credited daily, m…
Emergency Fund
Five hundred dollars in readily available cash to be used onl…
20 terms
Personal Finance Chapter 2
job
career
standard of living
trends
work that you do mainly to earn money
a commitment to work in a field that you find interesting and…
a measure of quality of life based on the amounts and kinds o…
developments that mark changes in a particular area
job
work that you do mainly to earn money
career
a commitment to work in a field that you find interesting and…
14 terms
Chapter 2 ( Personal Finance)
Identity
Lifestyle
Aptitude
Interests
who they are and how they fit in.
the way people choose to live their lives, based on values th…
natural physical or mental ability that allows you to do cert…
things you like to do.
Identity
who they are and how they fit in.
Lifestyle
the way people choose to live their lives, based on values th…
20 terms
Chapter 2 Personal Finance
Recordkeeping
Legal Document
Money Management Software
Budget
Process of setting up an organized system for financial and l…
Paper that can be filed with a court officer or used to uphol…
Computer program used to organize daily finances and keep tra…
Plan for the use of money over time based on goals, expenses,…
Recordkeeping
Process of setting up an organized system for financial and l…
Legal Document
Paper that can be filed with a court officer or used to uphol…
20 terms
Chapter 2 Personal Finance
Job
Career
Standard of Living
Trends
work that a person does to earn money
a commitment to work in a field that you find interesting and…
a measure of quality of life based on the amounts of goods an…
developments that mark changes in a particular area
Job
work that a person does to earn money
Career
a commitment to work in a field that you find interesting and…
28 terms
Chapter 2 Personal Finance
Bond
Annuity
Aggressive growth stock mutual fund
Certificate Of deposit
Debt instrument by which the company owes you money
Savings accounts with an insurance company
A fund to recieve the highest capital gains
A certificate issued by the bank to a person depositing money…
Bond
Debt instrument by which the company owes you money
Annuity
Savings accounts with an insurance company
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