Show:
Money in your
Life
Financial
Decisions
Setting Financial Goals
SMART Goals
All
100
The state of being comfortable, healthy, or happy.
What is Well-being?
100
A fundamental belief or practice about what is important to an individual.
What is a Value?
100
The end result of something a person intends to acquire.
What is a Goal?
100
The "S" in the S.M.A.R.T. elements of a successful goal that states exactly what the plan is for the money involved.
What is Specific?
200
One the five domains of well-being that relates to money and economics.
What is Financial?
200
Goods or services required for survival.
What are Needs?
200
Specific objectives that are accomplished through financial planning.
What are Financial goals?
200
Specifically states when the goal will be met. (The "T")
What is Time bound?
200
Televisions, computers, name brand clothes and other items you can live without.
What are Wants?
300
Developing good outlooks on life leads to high ______. (The way you feel)
What is Emotional well-being?
300
Giving up one thing for another.
What is a Trade-off?
300
Attained in less than one year.
What is a Short-term goal?
300
Creates a step-by-step plan outlining exactly how the goal can be reached. (The "A)
What is Attainable?
300
Needs, Values and Wants are the three factors in making ________.
What are Financial decisions?
400
Managing money continuously through life in order to reach financial goals.
What is Financial planning?
400
The desire for goods that can increase the quality of life but are not absolutely necessary for life.
What are Wants?
400
The benefits you could have received by taking an alternative action.
What is Opportunity cost?
400
People who are positive, involved in healthy relationships and who find meaning in life are people with a considerable amount of _________.
What is Well-being?
500
Family, Friends, Teachers, etc. all influence your _____.
What are Values?
500
A goal attained in more than one year.
What is a Long-term goal?
500
A way to help ensure your goal is met. Usually done at the completion of a goal which is intended to inspire you to continue achieving more goals.
What is Rewarding yourself?
500
Saving $100 opposed to spending it on car loans is an example of this.
What is a Trade-off?