Financial Planning is

A process to achieve financial goals.

A SMART goal contains these elements

Specific, Measureable, Time Bound, Realistic, Attainable

Which best represents a need?

A dressy outfit for an important interview

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Financial Lit Unit 1: Domains, Needs/Wants, Values, and Goals

15 termsStudBud Administration363 plays

Financial Literacy High School

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Questions 15

Answers

1
Saving $25 out of her paycheck for a new phone in 5 months is
Short Term Goal
Unattainable
Long Term Goal
Unrealistic
2
Lynn gave up going to the movies to study, this is an example of a
Trade-Off
Opportunity Cost
Value
Intellectual
3
Financial Planning is
Checking your bank balance
Talking to friends about $
Meeting with Financial Firms.
A process to achieve financial goals.
4
Least influence on a person's values...
School Grades
Family
Friends
Media
5
The 5 domains include all except
Social
Wealth
Intellectual
Emotional
6
Jen will save for $150 for new shoes is an example of this part of a SMART goal
Specific
Realistic
Attainable
Time Bound
7
A fundamental belief or practice about what is important to an individual is...
Personality
Values
Wants
Needs
8
What is the best way to improve Financial Domain?
Talk to friends about spending
Ask Grandma for $
Open a checking and savings account
Take a Personal Finance Class
9
A Want is best described as something that
is the end result of something
improves quality of life
makes us happy all the time
is a fundamental desire for something
10
When should you stop financial planning
when you have a stable job
80 years old
never
50 years old
11
Well-Being is
challenging yourself all the time
feeling good about one's life
being healthy all the time
having lots of money
12
Stan will save for 15 months for a car is an example of what part of a SMART goal
Realistic
Specific
Time bound
Attainable
13
A SMART goal contains these elements
Specific, Measureable, Time Bound, Realistic, Attainable
Specific, Measurable, Attainable, Realistic, Talent
Attainable, Realistic, Measurable, Financial, Specific
Specific, Money, Attributes, Rational thoughts, Time Bound
14
Which best represents a need?
A dressy outfit for an important interview
Pearls for the Prom
Painted Nail
A sunroof for a car
15
Lane wants to make the honor roll in 1st quarter, this is most likely to happen if he....
Thinks about his goal
Writes the goal down
Stays after school
Talks to his friends about the goal

Financial Lit Unit 1: Domains, Needs/Wants, Values, and Goals Flashcards | StudBud