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Personal Finance Module 1 (Well-Being) Flashcards | StudBud
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Personal Finance Module 1 (Well-Being)
Emotional Well-being means.....
giving up one thing for another
Personal Finance Module 1 (Well-Being)
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Answers
1
giving up one thing for another
Exchange
Financial Planning
Goal
Trade Off
2
Emotional Well-being means.....
Doing drugs
Eating pigs feet
Feeling a sense of worth and purpose
listening to killer music
3
"T" stands for?
Time management
To much money
Table of contents
Time bound
4
"R" stands for?
raking up profits
rampage
random goals
realistic
5
the value of the next best alternative that you will give up as a result of your plan
Trade off
Opportunity Cost
Long term goal
Collard Greens
6
attained in more than one year
fixed rate 6-month bill
Long term goal
Collard greens
Bear Grass
7
the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or dista
Specific
Goal
Attainable Goal
Time bound
8
attained in less than one year
Short-term goal
30 year mortgage
building 30 schools
13 month bill paid off
9
"S" stands for?
Standard goal
Study
Stations
Specific
10
You should spend all of your money on pleasure
all the time
sometimes
No
one day a week
11
"M" stands for ?
Making Money
Morning goals
Measurable
Manage
12
managing money continuously through life in order to reach financial goals
Specific Goals
Attainable Goals
Financial Planning
Realistic Goals
13
Physical Well-being means.....
staying up on the phone all night
Getting your proper rest and exercising
sleeping only 4 hours a day
overeating
14
You should Continually evaluate your goals
False
True
15
Managing money well is critical to increasing a person’s well-being
False
True
16
Social Well-being means...
Network of friends and family and Membership in a community
working to make money all the time
believe life is only about you
Staying by yourself
17
specific objectives (or goals) that are accomplished through financial planning
Financial Goals
Debt Planning
Planning
SMART Elements
18
"A" stands for ?
Abstain
Attributes
Abba
Attainable
19
Intellectual means....
hanging with friends
Gaining and using Knowledge
Staying in shape
eating proper
20
Well-being can be divided into five domains: Physical, Financial, intellectual, emotional, and social.
False
True
21
well-being
comes from feeling good about your life
False
True
