Financial Literacy Vocab #1

If you have limited means, you ____.

• can't have everything

• save enough money

• spend too much money

When you must give something up in order to get something, it is called ______

• a lost opportunity

• a limited means

• an opportunity costs

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

• limited means

• wants

• needs

Setting a goal lets you ____.

• achieve nothing

• achieve what you want to do

• forget next steps

A job is ___.

• something you need to do

• something you do to earn money

• something you are told to do

A career is ____.

• a single job you have once

• a kind of job most people have

• the type of job you do for a long time

Giving to _____ helps out those who are in need.

• charity

• celebrities

• military

Video games, designer shoes, ice cream

• wants

• needs

Making $9 per hour is a __.

• budget

• wage

• salary

I need a _____ to help me save $100 in 3 months.

• limited means

• charity

• budget