Needs are things you must have for survival, wants are things you want, but are not essential.

Something you want to accomplish soon

Something you plan to accomplish further in the future

A goal that can only be met at a certain time

A goal that has no definite limit

What is the first step in the aims for success steps?

Resources are things you can use to achieve your goals. 

Tatum is able to use creative problem solving skills to manage her resources wisely. What is Tatum demonstrating using?

What is the LAST step in the four step management process?

To be proactive is to anticipate past decisions or problems and reflect on them.

Which option is NOT an influence on your choices in life?  

What is the FIRST step in the decision making process?

To use context is to:

Systems and instruments that promote efficiency and production is referred to as: 

Which option is NOT included when it comes to creating effective time management skills? 

Harold has a spending and saving plan based on his income and expenses. What does Harold have?

Financial planning involves a set of _____ goals and _____ goals for spending, saving, and investing the money you earn. 

A debt you owe:

The difference between liabilities and assets:

What is an example of a fixed expense? 

What is an example of a variable expense? 

Laura accidentally spent more money than was in her checking account. Laura will more than likely have a(n) ______________ fee. 

When you don't have enough money in your account to cover a check, you have: 

Winston uses Natco Bank's ATM to withdraw money, even though his bank account is with Chase. What might Winston get since he didn't use a Chase ATM?

Short-term savings are funds for the immediate future needs (year or less) and long-term savings are for future needs (greater than one year).

The _______ is the initial amount deposited into an account. 

Olive's bank charges her a rate for using their bank. What is the rate called?

Money borrowed to buy something now and pay for it later is known as: 

Credit with pre-established limit that allows for repeatedly borrowing/paying over a 30-day period. Example: Visa, Mastercard

Credit history is the complete record of your borrowing and repayment of money. 

Your personal credit rating is a measure of credit worthiness based on:

Richard has a _________ of 750, which means he pays his bills before they're due and has used credit for awhile. 

What is the goal of investing your money?

Jim & Carol receive financial assistance from the government now that they are retired. What do they receive? 

The fixed payment regardless of hours worked:

The extra commission for excellent employment performance:

Your gross pay is the total amount earned ________ deductions are subtracted. 

Your net pay is the total amount earned _______ deductions are subtracted. 

Reduce the amount of one's income that is subject to taxes:

A ____ shows employee's income and money withheld for taxes. 

A _____ tells the employer how much to withhold from paycheck for tax purposes.