Things that reflect her fundamental beliefs about what is worthwhile and important to you.
What are values?
100
Short Term
Kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. This is an example of what type of goal?
200
Challenging yourself/taking on a new project
What can help you improve your intellectual well-being?
200
Media
Family
Religion
What influences a person's values?
200
Long Term
Mark and Susan, a recently married couple with full-time jobs, set a goal of putting $200 in savings every month to make a down payment on a home in five years. What type of goal have they set?
300
Taking a personal finance class
What can you do to improve your financial well-being?
300
Everything is influenced by values
What is not influenced by values?
300
Write your goals down.
What can you do to most likely accomplish your goals?
400
Take on an activity that makes you lose track of time.
What activity can you do to improve your well-being?
400
The value of the next best alternative that must be forgone as a result of a decision.
What is opportunity cost?
400
Goals should be linked to a timeframe that creates a practical sense of urgency, or results in tension
between the current reality and the vision of the goal.
What is time bound?
500
False
True or false:Investment increases risk and reduces your ability to cope with risk and uncertainty.
500
Giving up one thing for another.
What is trade off?
500
Goals should be simplistically written and clearly define what you are going to do.