Personal Finance 1.01-1.03

The desire for goods and services but are not absolutely necessary for our survival.

Managing money continuously through life in order to reach your financial goals.

A fundamental belief or practice about what is desirable and important to an individual.

The value of the next best alternative that must be forgone as a result of a decision. 

A goal that will be attained in less than one year.

A goal that will be attained in more than one year

Goods or services that are required for survival.

Specific objectives that are accomplished through financial planning.

Giving up one thing for another,

Feeling good about one’s life.