Module 1 Review

Any money you receive such as an allowance or paycheck.

The M and which other letter in SMART depend on each other?

The A in SMART stands for...

A value can be described as...

If Maria can save $350 a month, how long will it take her to reach her $4500 goal?

Giving up the next best choice when making a decision.

Which of the following is not a way to get a budget back on track?

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

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

Jeremy is trying to purchase a $2500 car in 15 months. This is an example of what type of goal?

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

You need to have $1800 in 6 months. How much should you save each month?

Which of the following is not a source of income?

Which of the following is not an expense?

The T in SMART stands for...

The S in SMART stands for...

Which of the following would be considered a need?

Which one of the following is not part of the DECIDE process?

The M in SMART stands for...

Lilly needs two new camera lenses that cost $300 each in 5 months. What should she budget?

The R in SMART stands for...

Which of the following factors can influence decisions?