L1 Money Matters Flashcards Preview

Banzai Personal Finance > L1 Money Matters > Flashcards

Flashcards in L1 Money Matters Deck (10)
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1

cost comparison

comparing cost or 2 or more products/services to find best value

2

cost-benefit analysis

analyzing if cost is >, = or < than benefit of purchasing item

3

cost

price paid for good/service

4

benefit

outcome that promotes well-being

5

goods

products

6

short term goal

accomplish in less than 6 months

7

medium term goal

accomplish in 1 year or less

8

long term goal

accomplish in more than 1 year

9

income

payment received for goods/service, including employment

10

expenses

cost paid to secure good/service