Money in Your Life
Specific objectives that are accomplished through financial planning
What is: Financial goals
Goods or services that are required for survival
What is: Needs
Specific objectives that are accomplished through financial planning
What is: Financial goals
A tax on earned and unearned income
What is: Income tax
A Refrigerator
What is: Want
Feeling good about one’s life
What is: Well-being
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
What is: Want
Managing money continuously through life in order to reach your financial goals
What is: Financial planning
Funds the Social Security and Medicare programs
A nice place to live
What is: Needs
Managing money in ways that build a sense of understanding, competence, and control
What is: Financial well‐being
Giving up one thing for another
What is- Trade-Off
Something a person intends to acquire, achieve, or accomplish in the future
What is: Goal
Three benefits from taxes
What is:
Public schools
Roads
Public libraries
Parks
Clothes
What is- Needs
Managing money continuously through life in order to reach your financial goals
What is: Financial planning
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
What is: Value
One of the most important parts of goal setting
What is:
Frequently Evaluate Your Goals
Set a Realistic Goals
Make your Goal Public
Reward Yourself for Reaching your Goal
Taxes are charged in variety of ways, types of taxes are:
What is: Income, Payroll, Property, Sales Tax, and Excise Tax
Soda
What is- Want
Characteristics of people with high well-being
What is:
Are positive
Love what they do
In healthy relationships
Find meaning in life
Feel achievement
The value of the next best alternative that must be forgone as a result of a decision
What is: Opportunity cost
You are more likely to achieve your desired outcome if your goat setting is bult around this acronym
What is: S.M.A.R.T Goals
Missouri State Tax
What is: 4.225%
Seeds, Foods, and Drinks
A person's values comes from many sources
What is: Family, friends, teachers, personality, culture, religious affiliations, and media