Financial planning

Question 1

A destination, something you want or need, and acquire by taking certain steps.

Answer 1

Goal

Question 2

Long term goals that require patience and willingness to achieve and a willingness to give up something in return for something better.

Answer 2

Delayed Gratification

Question 3

The process of defining goals, developing a plan to achieve them, and putting the plan into action.

Answer 3

Financial planning

Question 4

A measure of the money you receive and the money you spend

Answer 4

Cash flow

Question 5

The process of considering and analyzing information in order to make a decision

Answer 5

Decision Making

Question 6

Choosing one option may mean giving up altogether on another goal is called

Answer 6

Opportunity Cost

Question 7

Relatively short-term work that pays the bills.

Answer 7

Job

Question 8

Usually a long-term chosen profession or occupation that provides an income.

Answer 8

Career

Question 9

Reads, writes, performs basic math concepts, listens well, and speaks clearly

Answer 9

Basic Skills

Question 10

Creates new ideas, making decisions, solve problems, organizes information, learns effectively, and can reason things out.

Answer 10

Thinking skills