Goal Setting
What is a goal-setting?
This is the process of identifying what you want to achieve and creating a plan to reach it.
What is communication?
This is the exchange of information between individuals through speaking, writing, or using some other medium.
What is financial planning?
This is the process of managing your money to achieve financial goals.
What is a budget?
THis is a plan for your income and expenses over a specific period.
What is a bank?
This is a financial institution that accepts deposits, gives out loans, and deposits gives out loans and provides other financial services.
What are SMART goals?
It involves setting specific, measurable, achievable, relevant, and time-bound objectives.
What is written communication?
This type of communication involves sending and receiving messages through writing.
what is a financial plan?
This is a document that outlines your financial goal and the step you will take to achieve them.
What is budget tracking?
This is tracking your income and expenses to ensure you stay within your budget.
What is a credit union?
type of bank that operates for benefits of its members.
What is a long-term goal?
This type of goal is a broad, overarching aim that guides your actions over a long period.
What is active listening?
This is actively listening to understand the speaker's message without judgment.
What is a financial assessment?
This is evaluating your current financial situation to make informed decisions.
What is a budget adjustment?
this is the process of adjusting your budget to reflect changes in your financial situation.
What is an investment bank?
Financial institution that specializes in providing investment services.
What is action planning?
This is the process of breaking down your long-term goals into smaller, manageable steps.
What is effective speaking?
This is the process of conveying your thoughts and feelings to others effectively.
What is saving?
this is the process of setting aside money for future needs or emergencies.
What is budgeting for future expenses?
This is the process of setting aside money for future expenses.
What is a commercial bank?
Financial institutions providing businesses services like loans and advice.
What is goal monitoring?
This is the process of regularly reviewing your progress towards your goals and making adjustments as needed.
What is decoding?
This is the process of interpreting and understanding the meaning of a message.
What is resource allocation?
This is the process of allocating your resources to achieve your financial goals.
What is expense reduction?
This is the process of identifying areas where you can reduce your expenses.
What is a retail bank?
Institution that provides individual service like checking and saving accounts.