DEFINITIONS (What is the term?) | DEFINITION (What is the term?) | TERMS (What is the definition?) | TERMS (What is the definition?) | EXAMPLES |
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A decrease in prices over an extended period of time
Deflation
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A document containing a person's current money situation and long-term monetary goals, as well as strategies to achieve those goals.
Financial Plan
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Money never sleeps (debt)
We are always going to need money for something we are never not going to need it, it can always be working for you.
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Financial plan
A document containing a person's current money situation and long-term monetary goals, as well as strategies to achieve those goals.
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Fuel prices recently, or the dollar store changing to $1.25
Inflation
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Prioritizing your long-term financial well-being and paying your needs before spending your money.
PYF-Pay yourself first
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The value of what you have to give up in order to choose something else
Opportunity Cost
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Supply and Demand
The amount of a commodity, product,or service available and the desire of buyers for it
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Delayed Gratification
Delaying purchases now and waiting until the future when you can pay in cash. What you want now will be worth more to you later.
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Picking classes at school, you choose one class and have to give up others because of the ones you took.
Opportunity Cost
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A period of temporary economic decline during which trade and industrial activity are reduced
Recession
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The rate of increase in prices over a given period of time
Inflation
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PYF- pay yourself first
Prioritizing your long-term financial well-being and paying your needs before spending your money.
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GDP- Gross domestic product
The total market value of the goods and services produced by a country's economy during a specified period of time.
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The great depression
Recession
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The amount of a commodity, product,or service available and the desire of buyers for it
Supply and Demand
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The total market value of the goods and services produced by a country's economy during a specified period of time.
GDP- Gross domestic product
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Opportunity Cost
The value of what you have to give up in order to choose something else
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Recession
A period of temporary economic decline during which trade and industrial activity are reduced
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Not buying something because your friends all are when you do not need it
Avoiding the Pitfalls of Marketing and Social Pressure
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Delaying purchases now and waiting until the future when you can pay in cash. What you want now will be worth more to you later.
Delayed Gratification
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We are always going to need money for something we are never not going to need it, and it can always be working for you.
Money never sleeps (debt)
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Deflation
A decrease in prices over an extended period of time
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Inflation
The rate of increase in prices over a given period of time
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Chips that go in cars, cars can not be sold because there are not enough chips for those cars.
Supply and Demand
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