Smart Goals
Analyze Information
Create a Plan
Implement The Plan
Modify and Monitor the Plan/misc
100
The very basic things we need to survive
What is a need
100
One way to collect financial information
What is keeping a personal spending log
100
Smaller decisions that follow a major decision
What are satellite decisions
100
One thing you can do to keep you plan on target
What is being a responsible spender
100
When you should review your financial plan
What is when significant life changes happen
200
The beliefs and practices in your life that are very important to you
What is a value
200
Comparing income with expenses
What is cash flow
200
The 2nd step in decision making were you outline your expectations in advance
What is establishing your criteria
200
the value of what is given up when you choose one option over another
What is opportunity cost
200
Saving money over time to make a major purchase
What is delayed gratification
300
Something you can achieve in less then tree months
What is short term goal
300
One way to track spending
What is saving receipts or writing things down
300
Step 4 in the decision making model where you consider how your options meet your criteria
What is weighing the pros and cons.
300
Spending within or below your means
What is saving for a rainy day
300
A tool that will make your journey through life smoother
What is having a financial plan
400
What factors need to be considered when setting a clear goal
What is SMART
400
Money that is coming in
What is income
400
The first step in the decision making process
What is set goals
400
Lisa needs to buy 2 new tires in three months the tires cost $75 each, How much does she need to save each month to reach this goal?
What is $50
400
strategies that can help someone stick to a financial plan
What is writing down goals, telling friends, limit cash on hand and review plan regularly
500
The goal "I want to save money buy spring" is missing what elements?
What is specific, measurable and time-bound
500
Money you spend
What are expenses
500
Things that influence the decision making process
What is family, values, age, peers
500
Shaundra is going to buy a car in one year for $1,200. How much will she need to save each month to reach this goal?
What is $100
500
The point system in class only effects this area
What is extra credit
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