Money Management Review

3. things that a person desires but can live without
6. a plan for the use of money over time based on goals, expenses, and expected income.
8. intangible activities that another person usually performs for a fee, such as house cleaning or cutting hair.
10. a cost that changes both in the amount and time it must be paid.
11. the value of the option you gave up.
14. the choice you give up when you make one choice over another.
16. any paid public announcement promoting the sale of a good or service.
17. an individual who purchases goods and services for his or her own use.

1. tangible items that can be touched, used, and purchased, such as food or clothing.
2. type of goods are cars, furniture, and appliances
4. the amount that is paid for using money
5. a set amount that must be paid each budget period.
7. prices go up and the value of a dollar goes down.
9. a financial obligation that requires future payment. Liabilities include unpaid bills, credit card charges, mortgages, personal loans, and taxes
12. necessities a person must have to survive.
13. "rational buying"
15. an amount of money that can be easily accessed in case of a job layoff, illness, or unexpected expense.