setting money goals (budgeting) Flashcards

1
Q

what are values?

A

beliefs and practices in your life that are very important to you

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2
Q

what 5 things can influence your values?

A
  • parents
  • other family members
  • religion
  • things you read
  • experiences
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3
Q

what is a goal?

A

something you aim for– to be, do, or have

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4
Q

mapping out a process is much easier if you know?

A

what you’re aiming for

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5
Q

what goals should you also set?

A

financial goals

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6
Q

what are short term goals?

A

goals you want to achieve in the next 3 months

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7
Q

what are intermediate goals?

A

goals you want to achieve in 3 months to a year

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8
Q

what are long term goals?

A

goals you want to achieve in more than a year

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9
Q

what is a budget?

A

a plan for saving and spending income

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10
Q

what is a monthly budget?

A

a budget established to anticipate expenses you must pay, such as rent, car payments, and food

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