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30 Cards in this Set
- Front
- Back
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a fee for the use of credit |
finance charge |
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Comparing quality, price, or features of like products before making a purchase. |
Comparison Shopping |
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spending plan. |
budget |
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The way you use your resources to reach your goals. |
resource management |
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a set of steps that can help you make careful , thoughtful choices. |
Decision making process |
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the means by which advertisments are broadcast or displayed. |
media |
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A measure of the cost per unit or weight or volume to compare prices on different products. |
unit price |
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A partial initial cash payment followed by regular monthly installments or payments. |
Down Payment |
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A charge a borrower pays a lender for the use of money. |
interest |
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When you buy a needed item without evaulating the quality or price. |
impulse buying |
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Advertising that is delivered by postal service. |
Direct mail |
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Desires that make life more pleasant and enjoyable. |
wants |
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Anything you use to satisfy your wants and needs to reach your goals. |
Resources |
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Items on which you spend your money. |
Expenses |
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Anyone who buys items or pays someone to do a service. |
Consumer |
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Attempts to cheat others. |
Fraud |
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A promise a product will work for a certain period of time if used correctly. |
Warranty |
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Expenses that stay the same from month to month. |
Fixed Expenses |
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An aim you plan to achieve in a short time such as a day or a week. |
Short term goal |
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An aim you plan to achieve over a long time, such as several weeks or months. |
Long-term goal |
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Money set aside for future use. |
Savings |
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Money you receive. |
income |
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What people require to thrive. |
Needs |
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Ads that use popular people or images to sell their products. |
THE MEDIA |
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Something that merits attention before something else. |
Priority |
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The percentage cost of credit on a yearly basis |
The percentage cost of credit on a yearly basis |
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An agreement that allows you to buy an item now and pay later... |
Credit. |
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ads which provide specific information about a product such as its size, color, price and features. |
Informational Ad. |
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When a store advertises a product at a low price, but then tries to get you buy a more expensive. |
Bait and switch |
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Expenses that change from month to month. |
Flexible expenses. |
