Unit 4 Life and Resource Management

True or False? SMART goals help you reach your goals in a Specific, Measurable, Attainable/Achievable, Realistic/Relevant, Time Bound manner.

• False

• True

Time, money, and possessions are examples of what kind of resources?

• Community

• Material

• Human

• School

Knowledge, talent, energy, and skills are examples of what kind of resources?

• Community

• Material

• Human

• School

Parks, schools, libraries, or facilities are examples of what kind of resources?

• Community

• Material

• Human

• School

True or false? Community resources can also be material resources.

• True

• False

Planner, goal setting, to-do list, schedules are examples of?

• Time Wasters

• Time Savers

• Time Management Tools

___________ is when an employee is paid based on the number of hours they have worked.

• Hourly Wage

• Salary

________ is the amount of money an employee makes based on a years worth of income.

• Hourly Wage

• Salary

Match the following

• The total amount of money you make before taxes and benefits are taken from a paycheck.

• Pay Stub

• The amount of money you make after taxes and benefits are taken from a paycheck.

• Gross Income

• Where all information regarding gross income, net income, taxes and benefits can be found.

• Net Income

Reorder the following steps to develop a budget

• Establish Financial Goals

• Estimate Expenses

• Determine Sources of Income

• Compare Income and Expenses