Everfi Vault Module 1 Understanding Money

Front

If you have limited means, you _____.

Back

can’t have everything

Front

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

Back

an opportunity cost

Front

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

Back

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

Front

An opportunity cost can make decision making difficult because _____?

Back

you must choose to give up some things in order to get other things

Front

Before you buy something you want, you should buy _____

Back

something you need

Front

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

Back

needs

Front

Setting a goal lets you _____?

Back

achieve what you want to do

Front

When you have a goal, you can _____.

Back

plan out steps to achieve it