Which of the following factors can influence decisions?

A value can be described as

Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500 down payment and has already saved $1,300. If he can save $150 each month for this goal to buy a car, how long will it take him to save the entire $2,500?

Shaunda wants to buy her grandmother’s car to drive back and forth to college next year. Her grandmother agrees to sell Shaunda the car for $1,200 in a year. This is an example of what type of goal?

Lisa will buy two new car tires three months from now before taking a long trip. Each tire costs $75. How much will Lisa need to save each month to reach her goal?

In eight months, Kelly’s parents will need to make the final payment for Kelly’s braces. Half of the total cost was paid when her braces were put on. The total cost is $3,200. How much will Kelly’s parents need to save each month to pay off the balance owed?

Mark wants to visit his foreign exchange “brother” who lives in Brazil. He’d like to make the trip 18 months from now, right after graduation. Mark estimates that he will need $3,000 total to pay for transportation, food, and other expenses. He has already saved $300. How much will Mark need to save each month to reach his goal?

Any money you receive such as an allowance or paycheck

A predictable amount of money spent to buy something or do something that is the exact same amount every time

Saving a certain amount of money to be used later for financial goals

Giving up the next best choice when making a decision

Setting aside money to have on hand for unexpected expenses and events