| A | B |
|---|
| Opportunity cost | The highest-valued alternative |
| Tade-off | The choice of one item while giving up another |
| Physical Well being | Taking care of your body |
| Intellectual well being | Gaining and using knowledge |
| Social well being | Having a network of friends and family |
| Emotional well being | How you feel |
| High wel being | Comes from feeling good about one's life |
| Financial well being | Your financial outlook |
| Financial goals | Specific objectives that are accomplished through financial planning |
| Financial planning | Involves managing money continuously though life in order to reach your financial goals |
| Value | A fundamental belief or practicee about what is desirable, worthwhile, and important to an indviduals. |
| Wants | Our desire for goods and services that can increase our quality of life but are not absolutely necessary for our survival. |
| Specific goal | A goal that has clearly defined end results. |
| Measurable goal | A goal that you can easily determine when the goal has been met and if you are making progress towards completion. |
| Attainable goal | A goal that you know is possible to achieve. |
| Realistic goal | Being aware of your resources and what you will have to give up in order to achieve your goal |
| Time bound goal | A goal that will be achieved within a certain time frame |
