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Suc 101 Finance Plan
Designing a Personal Finance Plan M7L2 Notes
| Term | Definition |
|---|---|
| Spending Habits | Repeated decisions that you make with your money |
| financial Goals | Specific things you want to achieve with your money |
| Long Term Financial Goals | Specific things you want to achieve with your money years from now (distant future) |
| Short Term Financial Goals | Specific things you want to achieve with your money in a few week or month from now (near future). |
| Personal Financial Well Being | Feeling secure and confident about your money. |
| Examples of Good Money Habits | Budgeting, saving and setting goals |
| What are three essential personal finance concepts? | Spending habits, financial goals and personal financial well-being. |