A neutral object we use to move around goods & services.
What is Money
100
The dynamic relationship of one's financial and economic resources as they are applied to or impact the state of physical, mental and emotional well-being.
What is Financial Health
100
A form of communication intended to persuade an audience to purchase or take some action upon products, ideals, or services.
What is Advertising
100
A tool to help you plan your future income and expenses over a given period of time.
What is a Budget
100
This keeps room and energy in our brains for learning new material.
What is a Routine or Habit
200
The benefits you could have received by taking an alternative action.
What is Opportunity Cost
200
Having less than you feel you need.
What is Scarcity
200
The act of providing a satisfying reason or excuse for something done.
What is Justification
200
The first step in determining a realistic budget.
What is Keeping Your Receipts (or Receipt Exercise)
200
The process of becoming different.
What is Change
300
Something of value to you.
What is an Asset
300
A state of ongoing physiological arousal.
What is Chronic Stress
300
When we reward ourselves with something that is not in alignment with our values.
What is Moral Licensing
300
The column on a budget where you record what you spend.
What is Actual(s)
300
These are important for building up successes towards our goals.
What is Small Steps
400
All the resources coming into and going out of our lives.
What is Personal Economics.
400
A measure of mental capacity.
What is Bandwidth
400
When we keep track of our budgets and spending in our head.
What is Mental Bookkeeping
400
Over optimism about future plans.
What is the Planning Fallacy
400
Taking time for this leads to learning and progress toward our goals.
What is Reflection
500
The number of hours or minutes it takes for a person in their work in order to earn the amount of money needed to pay for a product or service.
What is Time Value of Expense
500
A method for dealing with an aversive situation, which may lead to poor long-term outcomes.
What is Maladaptive Coping Strategies.
500
When you justify your behavior by telling yourself or others that it is okay because everyone else is doing it.
What is Social Proof
500
Setting aside resources for use at a later time.
What is Saving(s)
500
If these aren't aligned with your goals, it's harder to achieve your goals.