Introduction to Financial Literacy
The moral principles or beliefs that direct a person’s behavior.
What are Ethics?
Skimming through readings and identifying the main ideas.
What is Reading?
The first step to a decision-making process.
What is Define the decision to be made?
"S" in Smart Goals.
What is Specific?
Step 1 for preparing a form 1040.
What is Personal Information?
An individual who purchases goods and services for personal use.
What is a consumer?
Generating ideas for a paper.
What is Writing?
The second step to a decision-making process.
What is Explore all alternatives?
"M" in Smart Goals.
What is Measurable?
Step 2 for preparing a form 1040.
What is Income?
An overview of an individual’s current financial position and strategies to meet future financial aspirations.
What is a financial plan?
Talking with other colleagues.
What is communication?
The third step to a decision-making process.
What is Choose the best alternative?
"A" in Smart Goals.
What is Attainable?
Step 3 for preparing a form 1040.
What is Standard Deduction?
A supply of something that can be used when needed. Resources are tools you can use to reach goals.
What is a resource?
Working with one other person or working in a group in order to get a big job done.
What is Teamwork?
The fourth step to a decision-making process.
What is an Act on the decision?
"R" in Smart Goals.
What is Realistic?
Step 4 for preparing a form 1040.
What is Payments and Tax?
The possession of a body of financial knowledge, a set of basic skills, and the ability to apply knowledge and skills to making informed, responsible financial choices
What is Financial literacy?
Participating and asking questions in a collaborative classroom discussion about financial competence
What is Speaking?
The fifth step to a decision-making process.
What is Evaluate the solution or decision?
"T" in Smart Goals.
What is Timely?
Step 5 for preparing a form 1040.
What is Signature?