Advertising

To make something known generally or in public, especially in order to sell it.

Consequence

An often bad or inconvenient result of a particular action or situation.

Consumer

A person who purchases and uses goods or services.

Culture

The way of life, especially the general customs and beliefs, of a particular group of people at a particular time.

Debt Collectors

Businesses that collect debts for creditors.

Decision-Making

The process of considering and analyzing information in order to make a choice.

Delayed Payment

To make a payment at a later time than originally planned or expected.

Demand

The amount of goods and services people are willing to buy.

Economy

Consists of the ways in which people make, distribute, and use their goods and services.

Financial Planner

A specialist who is trained to offer specific financial help and advice.

Goals

A statement of something a person wants or needs to do.

Good

A physical object that is produced and can be weighed or measured.

Impulse buying

Purchasing items on the spur of the moment.

Inflation

A general, continuous increase in prices.

Life Style

The way a person chooses to spend his or her time and money.

Marketing

To make goods available to buyers in a planned way which encourages people to buy more of them.

Money Management

Planning how to get the most out of money.

Need

The essentials or basics of life.

Opportunity cost

The value of what is given up when a person chooses one option over another.

Peer Pressure

The strong influence of a group on members of that group to behave as everyone else does.

Personal Financial Planning

Spending, saving, and investing money so a person can have the kind of life desired as well as financial security.

Sales Strategies

A way of talking that is intended to persuade people to buy something.

Scarcity

When something is not easy to find or obtain.

Service

A task that a person or machine performs.

Standard of Living

A measure of quality of life based on the amounts and kinds of goods and services a person can buy.

Supply

The amount of goods and services available for sale.

Values

The beliefs and principles a person considers important, correct, and desirable.

Want

Items, activities, or services that increase the quality of life.