Personal Finance Money Management Assessment

Ideas and beliefs that ae most important or meaningful to you are ____.

• goals

• SMART goals

• values

• wants

Basic items that are useful for survival are ___.

• income

• needs

• values

• wants

_____ expenses occur only once in a while.

• delayed

• fixed

• variable

• periodic

______ expenses remain the same every month.

• delayed

• fixed

• variable

• periodic

_______ expenses may be different amounts from month to month.

• delayed

• fixed

• periodic

• variable

Items that make life more fun but are not necessary are ___.

• needs

• opportunity costs

• values

• wants

What you give up when you make a financial decision is the _____.

• instant gratification

• opportunity cost

• opportunity benefit

• delayed gratification

____ is a place to record all the money you spend each day.

• diary

• journal

• spending log

• budget

When writing a short term goal, you are looking at a time frame that is ____.

• 3 months or less

• 3 months

• 3 months to a year

• over a year

When writing an intermediate goal, you are looking at a time frame that is ___.

• 3 months or less

• 3 months

• 3 - 12 months

• more than 12 months