Being well
The state of being comfortable, healthy, or happy with your life.
Well-being or high well-being
The desire for goods that can increase the quality of life but are not absolutely necessary for life.
Wants
The value of the next best alternative option
Opportunity Cost
The "S" in the S.M.A.R.T. elements of a successful goal that states exactly what the plan is for the money involved.
Specific
Managing money continuously through life in order to reach financial goals.
Financial Planning
One the five domains of well-being that relates to money and economics.
Financial
Goods or services required for survival.
Needs
Saving $100 opposed to spending it on car loans is an example of this.
Trade-off
Specifically states how long you will have to meet the goal
Time Bound
A ___ ___ ___ is attained in more than one year.
Long-term goal
Developing good outlooks on life leads to high ______ well-being. (The way you feel)
Emotional
How many months in the year have 28 days?
12 (they all have at least 28 days)
What are three of the major influences on your values?
Family, friends, teachers, culture, media
Creates a step-by-step plan outlining exactly how the goal can be reached.
Attainable
What is a female elephant called?
A cow
A red house is made of red bricks, and blue house is made of blue bricks, a black house is made of black bricks. What is a green house made out of?
Glass (or plastic)
A fundamental belief or practice about what is important to an individual.
Value
What is the opportunity cost of the following:
A student decides to buy $60 worth of winter clothes instead of a three new super rare Fortnite skins.
The three rare Fortnite skins
Sarah is going to save $400 for a new PS5. This will take five months to do.
What is missing? (2 elements!)
Attainable and Realistic
Specific objectives that are accomplished through financial planning.
Financial goals
Name all of the well-being domains.
Social
Financial
Emotional
Intellectual
Physical
Values, Needs, and Wants all contribute to what?
Financial decisions
How many stomachs does a platypus have?
Zero
Brady will save $240 by limiting his "going out to eat" so he will save $40 a week for six week.
What is missing?
Specific
What is the most effective strategy to help you reach a goal?
Writing it down