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NEFE Module 1: Money Management - D&S Flashcards | StudBud

Explore/NEFE Module 1: Money Management - D&S

Saving a certain amount ofmoney to be usedlater for financial goal

A value can be described as_____

NEFE Module 1: Money Management - D&S

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NEFE Money Management

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Questions 11

Answers

1
A value can be described as_____
something you desire to make your life more comfortable
something basic for survival
a belief or ideayou consider important or desirable
willing to give up something now exchange for future benefit
2
Saving a certain amount ofmoney to be usedlater for financial goal
Emergency Fund
P.Y.F
cash flow
Opportunity Cost
3
SMART goal-Attainable means
Is this a worthwhile goal for me right now?
Are the actions I plan to take likely to bring sucess?
Who else will be involved?
am I willing to commit to achieve this goal?
4
Which of the following can influence decisions?
values
all of the choices
peers
age
5
Giving up the next best choice when making a decision
Opportunity Cost
Spending Log
P.Y.F.
Emergency Fund
6
You want to buy John's car to drive back and forth to college next year. what type of goal?
long-term
financial-term
short-term
medium-term
7
A predictable amount of money spent to buy something that is the exact same amount every time
Cash Flow
Fixed Expense
Spending Log
Variable Expense
8
Any money you receive such as an allowance or paycheck
P.Y.F
Cash Flow
Spending andSaving Plan
Income
9
Setting aside money to have on hand for unexpected expenses and events
Income
Variable Expense
Emergency Fund
Cash Flow
10
Which of the following would be a need?
clothes dryer
lunch at a local restaurant
new car
place to sleep
11
SMART Goal - Specific
How will I know if I succeeded?
What can I do today?
What needs to be accomplished?
Is the goal a stretch for me?