| A | B |
|---|
| Financial Planning | The process of defining goals, developing a plan to achieve them, and putting the plan into action. |
| Needs | Essential items needed for the basics of life. |
| Wants | Items that increase the quality of living. |
| Values | The beliefs and practices in your life that are very important to you. |
| Goals | A destination, something you want or need, which you acquire by taking certain steps. |
| Delayed Gratification | Giving up something you want now for something better you want in the future. |
| Cash Flow | A measurement of the money you receive and the money you spend. |
| Decision Making | The process of considering and analyzing information in order tomake a decision. |
| Reality | Recognizing you have limited amounts of time and money. |
| Responsibility | If you handle time and money wisely. |
| Personal Finance | Financial management that an individual or a family unit performs to budget, save, invest, and spend monetary resources over time. |
| Monetary | Money or currency |
| SMART | Specific, Measurable, Achievable, Realistic, Time-Bound |
| FAFSA | Free Application for Federal Student Aid puts you in the running to receive financial aid, including federal grants, work-study opportunities, student loans, and state and school-based aid. |
| Scholarships | Unlike student loans, they don’t have to be paid back. Thousands are available from all kinds of organizations. You have to apply. |
| Grants | Gift aid - this is college funding that you don't have to repay. |
| Work-Study Jobs | These provide income, work experience, and potentially valuable connections— this program funds part-time jobs for college students with financial needs. |
| Other options to pay for college | Federal Loans, Private Loans, Savings Accounts, choose an affordable school. |
| Job Application Process | 1) Search for jobs. 2) Create a cover letter and resume. 3) Apply for the job. 4) Dress professionally for your interview. |
