|a () is a plan in which an individual balances resources and expenses
|which of these is the best example of an asset?
||the necklace someone is wearing
|how do long term goals differ from short term goals?
||long term goals require more planning than short term goals do
|which results are more likely for someone without personal finance skills?
||higher tax ratesless preparation for emergencies increased long term challenges
|are items such as utilities, rent, and food—items that one can’t do without.
|Planning to finance higher education helps people prepare for their financial future because it teaches them about
||funds management and loans
|personal finance skills have the most significant impact on an individual’s
||quality of life
|To assess risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Check all that apply.
||1. what can go wrong?2. What is the likely return?3. is the risk worth the return?
|which would be most helpful when considering a large expenditure that might require repeating payments? check all that apply
||1. creating a budget to consider future 2. income and spending 3. learning about opportunity cost