Consumer Skills Unit 2

Specific things that you want in life are:

• value

• happiness

• goals

Buying a new dress today is an example of:

• long range goal

• short range goal

• an immediate goal

Banks charge for:

• overdrafts

• social security cards

• savings accounts

An example of a long range goal might be:

• attending the prom

• your children's education

• groceries

One kind of flexible expense in your budget could be:

• installment loan

• money for clothes

• house mortgage payment

Long range goals are most often planned by:

• educated or trained adults

• high school students

• young couples beginning a family

A policy which limits the way that a check can be used is a

• surcharge

• restrictive endorsement

• bank penalty

When there is not enough money in your checking account to cover a check that you have written, it is called:

• payroll deduction

• surcharge

• insufficient funds

A special kind of check that may be purchased at some stores in exchange for cash or check is a:

• money order

• bank draft

• personal check

An immediate goal is:

• high school graduation

• eating your next meal

• an extended vacation