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Financial Literacy Review - Part 1 - Personal Financial Planning, Careers - (copy)

AB
PFP Planning your spending, borrowing, and saving are all aspects of ______________.personal financial planning
PFP ____________ is the value of the next best choice that one gives up when making a finance decision.Opportunity cost
PFP ___________ is a legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills.Bankruptcy
PFP The "S" in SMART represents _______.specific
PFP Something unnecessary but desired is a _______.want
PFP _______ are anything that you own.Assets
PFP A strategy for putting a portion of money from current income aside to reach a specific goal is called a(n) _______spending plan
CAREERS A(n) ___________ is an official document stating a person has met some standard for training or knowledge.certification


Business Teacher
Wichita High School South

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