Goal Setting
What is the term for a goal that is, Specific, Measurable, Achievable, Relevant and Time-bound?
What is a SMART goal?
What is the process of sending and receiving messages between two or more people?
What is communication?
What is the term for a plan that tracks your income and exposures over a specific period?
What is a budget?
What is the term for putting money into assets like stocks, bonds, or real estate to grow wealth over time?
What is investing?
What is the term for a place where people can deposit money, take out loans, and manage accounts?
What is a bank?
What is the first step in setting a goal to make sure its clear and well-defined?
What is making it specific?
What is the term for listening carefully to understand someones message without interrupting?
What is active listening?
What is the term for money set aside for unexpected expenses or emergencies?
What is an emergency fund?
What is the term for the profit earned from an investment?
What is return on investment (ROI)?
What type of account is used to store money for everyday expenses and typically comes with a debit card?
What is a checking account?
What is the term for breaking a big goal into smaller, more manageable tasks?
What is creating milestones?
What is the nonverbal way of communication through facial expressions,gestures and posture?
What is body language?
What is the process of categorizing spending into needs and wants?
WHat is priotizing expenses?
What type of investment represents partial ownership in a company?
What are stocks?
What is the type of financial institution owned by its members that offers banking services similar to a traditional bank?
What is a credit union?
What type of goals focus on improving personal skills or behaviors over time, rather than achieving a specific result?
What are growth goals?
What is the communication style where you confidently express your opinions while respecting others?
what is assertive communication?
What is the budgeting method that allocates your income into percentages for spending,Saving, and debt repayment?
What is the 50/30/20 rule?
What is the term for spreading investments across different asset types to reduce risk?
What is diversification?
What is the term for a fee banks charge for upholding a balance below a certain amount or for overdrawing an account?
What are banking fees?
What is the process of regularly checking your progress toward a goal to ensure you'are on track?
What is self-assessment or tracking progress?
What is technique of rephrasing someones message to confirm understanding?
What is paraphrasing?
What is the term for adjusting a budget when expenses are higher than income?
What is balancing the budget?
What is the term for earning interest on both the initial investments and previously earned interest?
What is compound interest?
Whar us the federal agency that insures deposits in u.s banks up to $250,000 per account?
What is the Federal,Deposit,Insurance Corporation (FDIC)?