Idk Personal Finance

763 Words4 Pages
Sarah Souza Personal Finance Mrs. Miller 1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points) – Financial planning skills help you budget your money. It is useful to me because I cannot go into a store with out going over what I originally thought I would spend. So having a set budget before hand would help me. Another way planning skills helps is that it allows you to look into the future and see what it will be like for you money wise. 2. List two examples of goods you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) – Two examples of goods that I have purchased are new glasses and a new sweater. 3. List two examples of services you have purchased in the past or may purchase in the future. (Complete sentences are not necessary. 0.5 points) – Two services that I have purchased are tutoring and a stylist to do dye my hair. 4. One of the functions of money is as a store of value. How does inflation affect money's ability to store value? (3-6 sentences. 2.0 points) - Inflation affects money's ability to store value because inflation makes the value of money go down. 5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points) Three economic factors I would consider before moving would be if they are market economy, planned mixed or traditional. 6. Explain which economic system (market, planned, mixed, or traditional) you think is best for

More about Idk Personal Finance

Open Document