financial decision making

which one means

Limited Means

• You can’t have everything and you must make decisions.

• You can have every thing you want

What are opportunity cost

• How much it cost to buy something

• what you give up in order to get something else

What is a goal

• Something you want to achieve.

• Food and water

What is a need

• A new game you want to buy

• something required for a safe and healthy life

What is a want

• a desire for something.

• something you need tom survive

Water is a want

• Yes

• No

A video game is a want

• Yes

• No

Clothes are a need

• Yes

• No

Prioritizing is

• Putting things in order of how much they matter.

• Things you buy for fun

Saving for a new car is an example of a goal

• Yes

• No