setting money goals (budgeting) Flashcards
what are values?
beliefs and practices in your life that are very important to you
what 5 things can influence your values?
- parents
- other family members
- religion
- things you read
- experiences
what is a goal?
something you aim for– to be, do, or have
mapping out a process is much easier if you know?
what you’re aiming for
what goals should you also set?
financial goals
what are short term goals?
goals you want to achieve in the next 3 months
what are intermediate goals?
goals you want to achieve in 3 months to a year
what are long term goals?
goals you want to achieve in more than a year
what is a budget?
a plan for saving and spending income
what is a monthly budget?
a budget established to anticipate expenses you must pay, such as rent, car payments, and food