Module 1: Money Management

Which item is a want?

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

Giving up the next best choice when making a decision.

SMART Goals: The "R" stands for:

Which word means a predictable amount that is the exact same payment every time?

SMART Goals: The "A" stands for:

Setting aside money to have available for unexpected expenses is called an

Which item is a need?

Long-Term Goals are over a year away.

What math operation do you use to find total income or total expenses?

SMART Goals: The "S" stands for:

SMART Goals: The "T" stands for:

How many months will it take to save $600, if you save $50 each month?

Family and friends have little influence on your values.

Which item listed does NOT influence your decisions?

If a project costs $750, and you've already saved $320; how much more do you need to save?

Name one way to save more money during each pay period.

Besides your wages or salary, how else can you earn income?

If you can save $60 per month, how many months will it take to save $616?

Short Term goals are up to 3 months.

A value is

Which item is a need?

Any money you receive such as an allowance or paycheck.

SMART Goals: The "M" stands for:

Medium Terms Goals are 6 months to 2 years.