Personal Finance- Choose to Save

Match the correct term to the definition:

How quickly and easily assets can be accessed and converted into cash.

• Liquidity

• Interest

• Savings

• Wealth

• Assets

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The price of money..

• Liquidity

• Interest

• Savings

• Wealth

• Assets

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The portion of current income not spent on consumption.

• Liquidity

• Interest

• Savings

• Wealth

• Assets

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A measurement of how much a person or household owns once all debts have been paid.

• Liquidity

• Interest

• Savings

• Wealth

• Assets

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The percentage rate paid on money invested or saved.

• Principal

• Interest

• Interest Rate

• Goal

• Assets

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Everything an individual or household owns with monetary value.

• Liquidity

• Interest

• Savings

• Wealth

• Assets

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The original amount of money saved or invested.

• Principal

• Interest

• Interest Rate

• Goal

• Assets

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The end result of something a person intends to acquire, achieve, do, reach, or accomplish.

• Principal

• Interest

• Interest Rate

• Goal

• Assets

Fill in the blank to complete the statement:

A saving strategy that states to set aside a predetermined portion of money for saving each time a person is paid before using any of the money for spending is called:__________________________________.

• Pay Yourself First

• Trade Off

• Opportunity Cost

• Compounding Interest

Fill in the blank to complete the statement:

A _________________ is giving up one thing for another.

• Pay Yourself First

• Trade Off

• Opportunity Cost

• Compounding Interest