What's the Necessities Financial Planning Flashcards

NEFE High School Financial Planning Program - Unit 1

9 cards   |   Total Attempts: 182
  

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Cards In This Set

Front Back
A blueprint or plan for managing all aspects of a person's money.
Financial Planning
The essentials or basics of life.
Needs
Items, activities, or services that increase the quality of life.
Wants
The beliefs and practices in a person's life that are very important.
Values
A statement of something a person wants or needs to do.
Goal
A willingness to give up something now in return for a benefit later.
Delayed Gratification
A measure of the money a person receives and spends.
Cash Flow
The process of considering and analyzing information in order to make a choice.
Decision Making
The value of what is given up when a person chooses one option over another.
Opportunity Cost