6 Careers Unit 4.1

The basic knowledge of money matters

• Government

• Financial Literacy

• Decision Making

• “50/30/20 Rule”

The basic knowledge of managing your money such as saving, investing, budgeting, banking, and insurance.

• “50/30/20 Rule”

• Decision Making

• Government

• Personal Finance

The process of making choices by gathering information, and assessing alternative resolutions.

• Spending Habits

• Decision Making

• Financial Literacy

• Personal Finance

Money received, usually from working.

• Interest on Debt

• Income

• Saving

• Spending

The repeated and sometimes involuntary routines and practices you have around using money to purchase things.

• Spending Habits

• Needs

• Wants

• Budget

Something essential: people need food, water, and shelter.

• Spending Habits

• Wants

• Needs

• Budget

Something that is desired, but is not essential.

• Spending Habits

• Budget

• Needs

• Wants

A spending plan based on income and expenses.

• Taxes

• Budget

• Spending

• Interest on Debt

It is the money set aside for future use and not spent immediately.

• Interest on Debt

• Saving

• Taxes

• Spending

To pay out, to disburse one's money.

• Interest on Debt

• Taxes

• Saving

• Spending