Everfi-Financial Decision-Making

If you have limited means, you _____.

• have too much money

• spend too much money

• save enough money

• can’t have everything

When you must give something up in order to get something else, it is called _____.

• a sound investment

• . an opportunity cost

• a lost opportunity

• a limited means

Why do you need to use decision making skills if you have limited means?

• Since you are not able to have everything, you must decide what you really need.

• Making decisions is possible when you can have everything.

• You have a limited number of decisions.

• You have too much money which makes decision making hard.

Before you buy something you want, you should buy _____.

• something that is cheap

• . something you need

• something expensive

• something on sale

Food, water, shelter and clothing are examples of _____.

• limited means

• wants

• needs

• opportunities