Money Management Module 1

A value can be described as

Giving up the next best choice when making a decision.

The process of setting financial goals and developing plans to reach them while meeting financial needs.

Any money you receive such as an allowance or paycheck.

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

Common expenses where the amount is different each time.

Waiting until you know you can afford something.

Deciding that you want something right away and buying it.

Things that make your life more interesting and fun, but you can get by without them.

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

More than one year.

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

An overview of an individual's current financial position to meet future financial aspirations.

Which of the following is considered a need?