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Vocabulary Review

Vocabulary Review. Booklet One. Spending log. A Personal Expense Management log which enables you to determine when, where, how and on what you are you are spending your hard earned income. Delayed gratification. To wait for a reward, rather than expecting something to happen immediately.

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Vocabulary Review

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  1. Vocabulary Review Booklet One

  2. Spending log

  3. A Personal Expense Management log which enables you to determine when, where, how and on what you are you are spending your hard earned income.

  4. Delayed gratification

  5. To wait for a reward, rather than expecting something to happen immediately

  6. Needs Food Shelter

  7. A motivating force that compels action for its satisfaction. Needs range from basic survival needs (common to all human beings) satisfied by necessities, to cultural, intellectual, and social needs (varying from place to place and age group to age group) satisfied by necessaries.

  8. Wants

  9. Something that you want, not need, you can do with out it.

  10. Instant gratification

  11. The ability to wait in order to obtain something that one wants.

  12. Opportunity costs

  13. The loss of potential gain from other alternatives when one alternative is chosen.

  14. Spending plan/budget

  15. the amount of money that is available for, required for, or assigned to a particular purpose

  16. Budget

  17. A sum of money set aside and divided up to cover particular expenses.

  18. Income

  19. Money received on a regular basis, for work or through investments.

  20. Expenses

  21. Money spent to perform work and usually reimbursed by an employer

  22. Fixed expense

  23. An expense that does not change from time period to time period.

  24. Variable expenses

  25. The expense is every month, but the amount of the expense changes

  26. Periodic/occasional expenses

  27. Money you spend from time to time.

  28. Cash flow

  29. The total amount of money being transferred into and out of your wallet.

  30. Job

  31. Work that is Short term- for immediate money

  32. Career

  33. The particular occupation for which you are trained

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