Personal Finance - DAY 1

1. acronym, giving criteria to guide in the setting of objectives that are assumed to give better results

• Delayed Gratification

• Opportunity Cost

• SMART Goal

• Satellite Decisions

1. The willingness to give up something you want now in order to get something better in the future

• Delayed Gratification

• Opportunity Cost

• SMART Goal

• Satellite Decisions

1. Smaller choices that can result from a major decision 

• Delayed Gratification

• Opportunity Cost

• SMART Goal

• Satellite Decisions

1. the loss of potential gain from other alternatives when one alternative is chosen over another (A trade off )

• Delayed Gratification

• Opportunity Cost

• SMART Goal

• Satellite Decisions

1. an occupation undertaken for a significant period of a person’s life and with opportunities for progress & promotions 

• Entry Level Job

• Career

• Work Study

• Apprenticeship

1. A paid position that you can obtain because you have had certain educational training, not necessarily work experience

• Entry Level Job

• Career

• Work Study

• Apprenticeship

1. Where you can "earn while you learn".  You will get on the job training, while making money and going to minimal classes.

• Entry Level Job

• Career

• Work Study

• Apprenticeship

1. a way for students to earn money to pay for school through part-time on campus jobs

• Entry Level Job

• Career

• Work Study

• Apprenticeship

1. A spending plan for managing your money during a given amount of time

• Gross Income

• Variable Expense

• Social Security

• Budget

1. The money you make before taxes and other expenses are deducted

• Gross Income

• Variable Expense

• Social Security

• Budget