WorksheetsTake Charge of your Financial Well-Being Vocab
Total questions: 12
Worksheet time: 6mins
Specific objectives that are accomplished through financial planning
Financial goals
Financial planning
Financial well-being
Well-being
Managing money continuously through life in order to reach your financial goals
Financial goals
Financial planning
Financial well-being
Well-being
Managing money in ways that build a sense of understanding, competence, and control
Financial goals
Financial planning
Financial well-being
Well-being
Feeling good about ones life
Financial goals
Financial planning
Financial well-being
Well-being
Something a person intends to acquire, achieve, or accomplish in the future
Goal
Long-term plan
Opportunity cost
Short-term goals
Trade-off
A goal that will be attained in more than a year
Goal
Long-term plan
Opportunity cost
Short-term goals
Trade-off
The value of the next best alternative that must be forgone as a result of decision
Goal
Long-term plan
Opportunity cost
Short-term goals
Trade-off
A goal that will be attained in less than one year
Goal
Long-term plan
Opportunity cost
Short-term goals
Trade-off
Giving up one thing for another
Goal
Long-term plan
Opportunity cost
Short-term goals
Trade-off
Goods or services that are required for survival
Needs
Value
Want
A fundamental belief or practice about what is desirable, worthwhile, and important to an individual
Needs
Value
Want
The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival
Needs
Value
Want
