| A | B |
|---|
| values | beliefs and practices in your life that are important to you |
| goal | something you aim for |
| short-term goals | want to achieve within the next 3 months |
| intermediate-term goals | want to achieve in 3 months to a year |
| long-term goals | want to achieve in more than a year |
| delayed gratification | give up somethin gyou want now to get something better in the future |
| instant gratification | buy something as soon as they see it |
| cash flow | measures the money you receive and the money you spend |
| opportunity cost | a trade-off |
| satellite decisions | major decisions that lead to several smaller ones |
| 1st step to making decisions | identify your goal |
| 2nd step to making decision | establish your criteria |
| 3rd step to making decision | examine your options |
| 4th step to making decision | weigh the pros and cons |
| 5th step to making decision | make your decision |
| 6th step to making decision | evaluate results |
