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1.00 Take Charge of Your Finances

vocab

AB
Physical well-beingtaking care of your body
Intellectual well-beinggaining and using knowledge
Emotional well-beinghow you feel
Social well-beinghaving a network of family and friends
Financial well-being futureyour financial outlook
Financial well-being presentliving within your means
Social well-being activityspending time with your family
Emotional well-being statusinvolved in healthy relationships
Physical well-being activityrunning a marathon
Trade-offsgiving up one thing for another
Opportunity coststhe value of the next best alternative that must be forgone as a result of a decision
Needsgoods or services required for survival
Wantsthe desire for good or services that can increase our quality of life but are not required for survival
Valuesa fundamental belief or practice about what is desirable, worthwhile, and important to an individual
Family Religion Honesty FinancesInfluences on values
Values Needs Wantscontribute to the decisions you make
Understanding what influences your decisions equalsdecisions that create high well-being
Impacts your future selfSpecific-Measurable-Attainable-Realistic-Time Bound
Your present selfImpacts your future self


Business, Finance and Information Technology Teacher
T C ROBERSON HIGH SCHOOL
Asheville, NC

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