Introduction to Financial Literacy

things that a person must have in order to survive

• wants

• needs

• services

• goods

tangible items that can be touched, used, and purchased

• needs

• wants

• goods

• services

a supply of something that can be used when needed

• services

• resources

• needs

• goods

intangible activities that another person usually performs for a fee

• goods

• services

• resources

• wants

the knowledge and skill set necessary to be an informed consumer and manage finances effectively

• financial literacy

• financial planning

• services

• values

the process of setting financial goals and developing plans to reach them while meeting financial needs

• financial literacy

• personal financial planning

• services

• priorities

an individual who purchases goods and services for his or her own use

• consumer

• financial planner

• analyst

principles and beliefs that a person considers

• needs

• wants

• values

• goals

moral principles and beliefs that govern individual behavior

• priorities

• ethics

• standard

• values

the goals, tasks, and activities that are judged as more important to do than others

• priorities

• standards

• ethics

• values