Term
Morality
Character
Moral Reasoning
Pre-conventional level
Conventional level
Post-conventional
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Definition
system of conduct based on what is right and wrong
ability to judge, think, and act with maturity
dealing with morals by logical and critical thinking
1st level of moral development: behavior outcome
2nd level: standard expectations
3rd level: evaluate customs, and laws |
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Term
| What are the levels of moral development |
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Definition
pre-conventional level, conventional level,
post-conventional level |
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Term
Security deposit
lease
landlord
tenant
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Definition
one time payment often equal to one month's rent
written agreement between landlord and tenant
property owner
renter |
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Term
autonomy
insurance
premium
deductable
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Definition
directing your life independently
a promise of payment in the case of loss
periodic payment
amount you pay when something is lost |
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Term
investments
assest
share
stock
mutual fund
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Definition
purchase of an asset to make money
something of value
shows an ownership in a company
shares
investment company |
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Term
what are the 5 steps a person must take to make a financial plan?
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Definition
Estimate income
Record expenses
Analyze spending
Plan for spending and saving
evaluate your plan
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Term
Financial plan
fixed expenses
flexible expense |
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Definition
budget: guidelines of spending and saving
regular expenses: insurance or house payment
irregular expenses: gifts, school supplies |
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Term
| Difference between Present-oriented and Future-oriented spenders? |
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Definition
present: people tend to buy things on whims, and buy things sooner than later
Future: focus on the future and think about saving |
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