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WorksheetsPersonal Finance Standard 1 - Understanding financial well-being
Total questions: 30
Worksheet time: 26mins
Create a step by step plan outlining exactly how the goal can be reached. Saving $150.00 and not telling how you will get it.
Financial goal
Specific goal
Specific goal
Attainable goal
Your feelings, happy sad, scared, stressed.
Physical well being
Emotional Well being
Intellectual well-being
Specific objectives that are accomplished through financial planning
Financial goal
Financial planning
Financial well-being
Something a person intends to aqcuire, achieve, or accomplish in the future. Writing down your goals will help you accomplish them.
Long - term goal
Short - term goal
Goal
Desire for goods and services that can increase our quality of life but are not absolutley necessary for our survival.
Needs
Trade - off
Wants
Managing money continuously through life in order to reach your financial goal. A never ending process, on going process.
Money management
Financial Planning
Financial Well-Being
The value of the next best alternative that must be forgone as a result of a decision. Finding two cars deciding which one to buy.
Needs
Opportunity Cost
Trade-Off
Specifically state when the goal will be reached.
Realistic Goal
Measurable Goal
Time-Bound Goal
Managing Money in ways that builds a sence of understanding, competence, and control.
Financial Planning
Realistic
Financial Well Being
A goal that can be attained in more than one year. saving money five years for downpayment on a house.
Attainable goal
Goals
Long - Term Goal
Feeling good about one's life. Activity that make you lose track of time.
Physical Well-Being
Specific
Well - Being
Giving up one thing for another. Money you saved for tires you spend on a prom dress.
Needs
Trade - Off
Opportunity Cost
State exactly what is t be done with the money involved.
Measurable Goal
Specific Goal
Realistic Goal
Your body being healthy, medical issues.
Physical Well - Being
Intellectual Well-Being
Financial Well-Being
Goods or services that are required for survival. Buying approprite cothing to look professional
Needs
Opportunity Cost
Wants
A goal that will be attained in less than one year. Saving your allowance for six months to buy MP3 player
Financial goal
Short- Term Goal
Measurable Goal
School, education, knowledge, cultural experiences, lifelong learner. Challenging yourself by taking on a new project at work.
Emotional Well - Being
Genius
Intellectual Well- Being
Managing money in ways that build a sense of understanding, competence, and control.
Financial Well-Being
Well - Being
Values
Write the exact dollar amount.
Realistic Goal
Time- Bound Goal
Measurable Goal
A fundamental belief or practices about what is desirable, worthwhile, and important to an individual. Everything is influenced by values. The least would be grade average.
Well- Being
Values
Desires
Think through the trade - offs and opportunity cost to analyze the consequenses of your goal to make sure it isn't attainable.
Specific Goal
Realistic Goal
Goal
Emotional Well-Being
Feeling happy, sad,scared stressed
Needs
WANTS
Something a person intends to acquire, achieve, or accomplish in the future. Writing down your goals will help you accomplish them.
Goal
Trade Off
Operational
Financial Planning
Short Term goal
Managing money to reach financial goal
Opportunity Cost
Time Bound
Specifically state when goal is reached
Goods and services
Emotional Well-being
Long term -Goal
Intellectual Well- Being
Opportunity cost
Goal attained longer than a year
Trade Off
Giving up one thing for another
Services for Survival
Wants
Short Term Goal
Attandance
Values
Attanined less than a year
Measurable Goal
Well-being
Genius
Write exact dollar amount
