Shared Flashcard Set

Details

goals and decision
setting goals
43
Finance
9th Grade
02/27/2012

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Cards

Term
Goal
Definition
Something a person intends to acquire, achieve, reach, or accomplish
Term
specfit
Definition
Exact, clearly defined or explained
Term
Measurable
Definition
A figure that can be objectively assessed---e.g, a measurable cost or time
Term
Attainable
Definition
Able to be reached---e.g., a budget amount that can be realized
Term
Realistic
Definition
In keeping with reality, likely to happen
Term
time-bound
Definition
Containing a date when a goal will be reached
Term
Alternative
Definition
An option or choice
Term
Pro
Definition
A reason in favor of an option; a potential benefit
Term
Con
Definition
A reason in opposition to an option; a potential limitation or weakness
Term
Impulse
Definition
A whim or sudden desire to do something; acting without thinking
Term
Habit
Definition
A learned behavior that is repeated over and over, usually without thinking
Term
Cultural
Definition
Related to the traditions, beliefs, roles, and communication styles of a group
Term
Societal
Definition
Related to all people, collectively
Term
Demographic
Definition
Statistical data about a population
Term
Economic
Definition
Related to the state of the economy, the financial balance of a population
Term
Technology
Definition
Products, resources, and systems used for specific purposes
Term
Legal
Definition
Related to the law
Term
Moral
Definition
Related to a sense of right and wrong
Term
Need
Definition
Something one must have in order to live
Term
Want
Definition
Something one desires to improve quality of living that is not required to live
Term
Value
Definition
A fundamental belief about what is desirable and worthwhile
Term
Standard
Definition
A measure of quality or excellence
Term
Priority
Definition
The relative importance a person places on a value, goal, or alternative
Term
Wealth Distribution
Definition
Factors about a ways a person lives and works that affect his/her finical income need and expenses
Term
Age
Definition
A set of consecutive ages that tend to have similar income need or expenses
Term
economic outlook
Definition
The state of the economy weather favorable or unfavorable as measured by economic indicators including interest and employment rate
Term
education level
Definition
Highest grade or level completed
Term
employment status
Definition
Weather employed or unemployed or part time or full time self or under employed
Term
health condition
Definition
A person health factors whether sick or well able or disable injured or not
Term
Financial Life Cycle
Definition
Typical stages of wealth a person accumulates during the life cycle
Term
wealth
Definition
The sum total of assets belonging to one person including money, property and personal possessions
Term
basic wealth protection
Definition
The stages during which most people form a family begin to work and earn money
Term
wealth accumulation
Definition
The stage that includes the peak earnings years, giving money to oneself
Term
wealth distribution
Definition
The stage of retirement and wealth consumptions money given to chosen ones
Term
Individual and Family Life Cycles
Definition
Typical stages of life for individuals and families
Term
beginning family
Definition
A family of young adults who marry newlyweds
Term
expanding family
Definition
A child-bearing family has one or more young children
Term
parenting family
Definition
A developing family with children growing into middle childhood and early teens
Term
launching family
Definition
A family with middle-age parents and children
Term
mid-years family
Definition
A pre-refinement for collage ect.
Term
aging family
Definition
A family of elderly adults usually retired
Term
variations
Definition
Family that do not follow typical life cycle stages
Term
Life style condition
Definition
Factors about the way a person live and works that affect his or her finical income need and expenses
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