Money in Your Life
Financial Decisions
Setting Financial Goals
Scenarios
Miscellaneous
100
This can be divided into 5 domains
What is well being
100
This is a fundamental belief about what is desirable and worthwhile to a person
What is value
100
These are the goals you write down
What are long term goals
100

What domain of well-being? 

Eating whole foods in proper size proportion.

Physical Domain

100

What piece of clothing brought Frosty the Snowman to life?

His hat
200
Gaining and using knowledge is used in this well being domain
What is intellectual
200
This is the value of the next best alternative that must be forgone as a result of a decision
What is opportunity cost
200
This is the end result of something a person intends to acquire something in the near or distant future
What is a goal
200

This SMART goal is missing something?

I will reduce the amount I owe on my car loan by $1000 by paying an extra $100 per month.

TIME

200

What is Eminem’s real name? 


Marshall Mathers

300
This is managing money continuously through life in order to reach financial goals
What is financial planning
300
This is a desire for goods that can increase our quality but are not necessary for survival
What is Want
300
When using SMART, this is a step by step plan outlining exactly how the goal can be reached
What is Attainable
300

Need or Want?

I need an iPhone 17 Pro Max

WANT. 

We may NEED a smartphone in today's world, but not necessarily an iPhone 17 Pro Max

300

What month of the year has 28 days?

All of them. 

400
These are specific objectives that are accomplished through financial planning
What are financial goals
400
This is when you give up one thing for another
What is Trade Off
400

When using SMART, this is when you determine exactly when you will know that the goal has been met.

What is Measurable

400

What is the trade-off and what is the opportunity cost?

You want to join the school's robotics club, but the meetings are scheduled at the same time as your SAT prep class. You decide to join the robotics club.

Trade-off: Joining the robotics club OVER the SAT prep class

Opportunity cost: the potential improvement in your SAT scores by not taking the SAT prep class.

400

In The Incredibles, how many family members are in the super family

You have to name them

Helen, Bob, Violet, Dash, Jack-Jack

500
Having a sense of belonging contributes to which domain?
What is social
500
Give a Needs, Wants and _____ example!
(Review example for points)
500

This is when you state WHEN the goal will be reached in SMART

What is Time Bound

500

What domain of well-being?

Putting my cell phone down for 2 hours BEFORE I go to bed for the night. 

HMMM?

Physical, Intellectual, Emotional for sure. 

Social: spend more time with family.

Financial N/A.

500
This is where Winnie the Pooh lives. 


Hundred Acre Wood.

M
e
n
u