Unit 4 Budgeting_Lesson1

Goods or Services that make people comfortable or happy but are not needed for their survival.

• Needs

• Expenditures

• Wants

• Impulse buying

Goods or Services that make people comfortable or happy but are not needed for their survival.

• Needs

• Expenditures

• Wants

• Impulse buying

A plan that can be accomplished within 3 months to a year.

• Short Term Goal

• Long Term Goal

• Needs

• Wants

A good or service a person can not live without in order to survive.

• Want

• Need

• Impulse Buying

• Expenditures

A plan that typically takes longer than a year to accomplish.

• Want

• Need

• Short Term Goal

• Long Term Goal

Something that is bought due to the pressure of advertising.

• Expenditure

• Need

• Impulse Buying

• Want

Money that is spend on things such as goods and services or even a bill.

• Expenditures

• Impulse Buying

• Needs

• Wants

What is one of your long term goals in life? This is something that typically will take longer than a year to accomplish.

What is one of your short term goals. These are typically accomplished within 3 months to a year.