Money Management Module 1

Any money you receive such as an allowance or paycheck.

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

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

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

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

Giving up the next best choice when making a decision.

More than one year.

Which of the following is considered a need?

Waiting until you know you can afford something.

A value can be described as

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

Common expenses where the amount is different each time.

Deciding that you want something right away and buying it.

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