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Personal Finance

Vocab words

TermDefinition
Value is a belief or practice of what is important desirable and worthwhile to an individual.
Need is an item that is necessary for life.
Want is something that is unnecessary to life but is desired.
Decision a choice that effects a persons life.
Routine something done on a daily basis.
Major long-term effects on a persons life.
Financial decision impacts a persons well-being
Well-being the state of being happy healthy and prosperous.
Decision making process the components of making a good decision.
Short-term goal a goal that can be accomplished in 1 year or less.
Long-term goal a goal that can be accomplished in 1 year or more.
Goal something a person intends to accomplish.
Educational goal helps individuals prepare for the work place.
Financial goal specific objectives to be accomplished through financial planning
Specific state exactly what is to be done.
Measurable include how the goal can be measured.
Attainable determine steps to reach goal.
Realistic do not set unrealistic goals.
Time bound state when the goal will be met.
Job a specific task done as a part of the routine of one's occupation.
Created by: 10874