Unit 1 - Personal Finance

What does the A in SMART mean?

• Awesome

• Analytical

• Actionable

• Achievable

What is the definition of Utility?

Write a SMART goal.

List what each of the letters means in the word "SMART".

Does knowing your personality help you set goals?

• No

• Yes

What percent more likely are you to achieve your goals if they are written down?

• 12%

• 45%

• 42%

• 32%

What is the Propensity to Consume?

• Percentage of Income Spent

• Percent of income Saved

• Average money save

• Average amount you make every year

Define "Standard of Living".

What are some things that influence how you feel about money?

What is an example of social values?