Money management

What is a short term goal?

• Up to three months

• 3 to 12 months

• More than 5 years

What factors can influence decisions?

• Age

• Values

• Family

• Peers

• All of the above

A value is described as ____________.

• A belief or idea that is considered important or desirable

• Something to make you more comfortable

• Something basic for survival.

Lunch at a restaurant is a want or a need?

(a)  

Shelter is considered a need or a want.

(a)  

How long is a long-term goal?

• 5 or more years

• 1 or more years

• 3 months

A SMART goal can be useful in what areas?

• Education

• Money

• business

• all of the above

A spending log is_________?

• Where you spend your money

• a record of everything you spend your money on.

• food you buy

Buying needless things, include__________________?

• Speeding tickets

• Book and magazines

• Food

The three R’s

• Reality, responsibility, restraint

• Reality, restraint, reasonable

• Responsibility , reality, revenue