Module 1 Money Management Review

Something that is essential to your health, security, and lifestyle.

• Want

• Need

• Value

• Habit

A want is...

• Something that makes life more enjoyable, but is not necessary

• Something essential to life

• a idea or belief that is important to you

• A plan to help you save up money

Which of the following are needs?

• A place to live

• The new iphone

• Water

• Shoes

Which of the following are values?

• Family

• Education

• Charity

• Personal Appearance

A person who values family is most likely to spend money on...

• A new pair of shoes

• Books for school

• A family vacation

• Donating to charity

Are you age, your values

• change

• stay the same

• depend on the person

• I don't know

What does the M in SMART stand for

• Money

• Measurable

• Missing

• Medium

What does the A in SMART stand for?

• Answer

• Average

• Attainable

• Actions

In the SMART goal " I will buy a computer for school for $500 in under 6 months by saving $100 a month.", which part is the T?

• buy a computer

• $500

• under 6 months

• $100 a month

What would need to be added to the goal " I will buy a dog for $200 in 3 months"

• S

• M

• A

• R

• T