Personal Finance Module 1

The ability to spend money on things that you want while still affording your basic needs and saving for your future.

• Financial Independence

• Financial Literacy

• Financial Planner

• Financial Flexibility

Obligations and duties that a person must fulfill in order to meet their survival needs and avoid serious financial hardships; these obligations can include paying bills and providing food, shelter, and clothing for one's family.

• Financial Independence

• Financial Habits

• Financial Responsibilities

• Financial Planning

Having enough money and assets to meet all of your present and future wants and needs- so that you don't need to worry about your financial situation or depend on a job to earn money.

• Financial Goals

• Financial Independence

• Financial Practices

• Financial Literacy

A term for achieving a sufficient level of knowledge and skill to make informed choices about money.

• Financial Flexibility

• SMART goals

• Relationship with money

• Financial Literacy

The role that money plays in a person's life and has a big impact on their ability to achieve financial success. It includes how a person thinks about, spends, saves, and interacts with money.

• Financial practices

• Relationship with money

• Financial planner

• Financial Planning

Key actions and disciplines that, if performed on a regular basis, can help someone to achieve financial success; examples include making money, saving money, building credit, accounting, budgeting, investing, and financial planning.

• SMART goals

• Financial Goals

• Financial practices

• Financial independence

1. Specific targets or objectives that you set out to achieve financially over the short, medium, or long term. 

• Financial Habits

• Financial Goals

• Financial Practices

• SMART goals

1. The process of creating a financial “road map” for your life, including: analyzing your financial situation, setting financial goals, and strategizing how you’ll achieve your goals in the future. 

• Financial Planning

• Financial responsibilities

• Financial Planner

• Relationship with money

1. Specific, recurring behaviors and tendencies, both good and bad, that affect someone’s finances and their ability to achieve their financial objectives. 

• Financial goals

• Financial planner

• SMART goals

• Financial habits

1. A framework for financial objectives that instructs you to set targets which are Specific, Measurable, Achievable, Realistic, and Time-bound.

• Relationship with money

• Financial Independence

• SMART goals

• Financial goals