| A | B |
|---|
| financial planning | blueprint or plan for managing all aspects of a person's money |
| needs | essentials or basics of life |
| wants | items, activities, or services that increase the quality of life |
| values | beliefs & practices in a person's life that are very important |
| goals | statement of something a person wants or needs to do |
| delayed gratification | willingness to give up something now in return for a benefit later |
| cash flow | measure of the money a person receives and spends |
| decision making | process of considering & analyzing information in order to make a choice |
| opportunity cost | value of what is given up when a person chooses one option over another |
