Consumer Ed Semester Final

Front

Well-being

Back

Feeling good about one's life

Front

Financial goals

Back

specific objectives that are accomplished through financial planning

Front

Financial planning

Back

managing money continuously through life in order to reach financial goals

Front

Needs

Back

goods or services that are required for survival

Front

Opportunity cost

Back

the value of the next best alternative that must be forgone as a result of a decision

Front

Trade-off

Back

giving up one thing for another

Front

Value

Back

a fundamental belief or practice about what is desirable, worthwhile, and important to an individual

Front

Wants

Back

the desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival

Front

Goal

Back

the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future

Front

Long-term goal

Back

attained in more than 1 year