Unit 1

Front

A _________________ is a fundamental belief or practice about what is desirable, worthwhile, and important to an individual.

Back

value

Front

A need is

Back

a necessity required for life

Front

What is the difference between a need and a want?

Back

needs are necessary/wants are unnecessary but desired

Front

A choice that is made about things that affect a person’s life is...

Back

decision

Front

Well-Being is...

Back

the state of being happy, healthy, and prosperous

Front

Made on a daily basis and it doesn’t require a lot of time to think through...

Back

routine decision

Front

Giving up one thing for another ...

Back

trade off

Front

Specific objectives that are accomplished through financial planning are: goal, Long term goals, Short term goals, Financial goals

Back

Financial goals

Front

The end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future

Back

goal

Front

A goal that will be attained in more than one year

Back

long term