1.00 Well Being Word Scramble
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Term | Definition |
Need | Goods or services that are required for survival. |
Opportunity Cost | The value of the next best alternative that must be forgone as a result of a decision. |
Trade-off | Giving up one thing for another. |
Value | A fundamental belief or practice about what is desirable, worthwhile, and important to an individual. |
Want | The desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival. |
Emotional | Developing strategies to cope with negative life experiences |
Financial | Opening a savings account |
Intellectual | Attending tutoring sessions |
Physical | Exercising |
Social | Hanging out with friends. |
Goal | Something a person intends to acquire, achieve, or accomplish in the future. |
Financial Goals | Specific objectives that are accomplished through financial planning. |
Short Term Goals | A goal that will be attained in less than one year. |
Opportunity Costs | The value of the next best alternative that must be forgone as a result of a decision. |
Financial Planning | Managing money continuously through life in order to reach your financial goals. |
Created by:
Rob Bob
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