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7.01 - Personal Finance Vocab Study (Give to Others) - Part 1

AB
AdvocacyThe act or process of writing or speaking in favor of, or about a cause
AltruismThe principle or practice of unselfish concern for the welfare of others  
Crowd FundingThe practice of funding a project or venture by raising small amounts of money through donations from a large amount of people, typically raised via the Internet
Estate PlanA clear outline for what should happen upon death of an individual
ExpenseMoney spent
Financial PlanningManaging money in ways that build a sense of understanding, competence and control
Healthy GivingWhen an individual gives out of excess in his or her life and the act provides positive emotions for both the giver and receiver.
Opportunity CostThe value of the next best alternative that must be forgone as a result of a decision
PhilanthropyThe desire to promote the welfare of others, expressed especially by the generous donation of time and/or money to worthy causes
Pro‐Social SpendingMoney spent on others


Teacher - Business, Marketing, & Finance

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