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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

Vocabulary Review

Booklet One



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

Delayed gratification determine when, where, how and on what you are you are spending your hard earned income.



Needs

Needs happen immediately

Food

Shelter


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.


Wants

Wants 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.


Something that you want not need you can do with out it

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


Instant gratification

Instant gratification 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.


T he ability to wait in order to obtain something that one wants

T 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.he ability to wait in order to obtain something that one wants.


Opportunity costs

Opportunity 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.costs



Spending plan budget

Spending alternative is chosen.plan/budget



Budget

Budget assigned to a particular purpose


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

A assigned to a particular purpose sum of money set aside and divided up to cover particular expenses.


Income

Income assigned to a particular purpose



Expenses

Expenses investments.



Fixed expense

Fixed employerexpense


A n expense that does not change from time period to time period

A employern expense that does not change from time period to time period.


Variable expenses

Variable employerexpenses



Periodic occasional expenses

Periodic/occasional changesexpenses



Cash flow

Cash changesflow



Job your wallet.



Career

Career your wallet.



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