Money Management Module 1

Any money you receive such as an allowance or paycheck.

Setting aside money to have on hand for unexpected expenses and events.

More than one year.

Deciding that you want something right away and buying it.

Which of the following is considered a need?

Giving up the next best choice when making a decision.

Things that make your life more interesting and fun, but you can get by without them.

A value can be described as

An overview of an individual's current financial position to meet future financial aspirations.

A predictable amount of money spent to buy something that is the exact same amount every time.

Waiting until you know you can afford something.

Common expenses where the amount is different each time.

The process of setting financial goals and developing plans to reach them while meeting financial needs.

Saving a certain amount of money to be used later for financial goals.