Shared Flashcard Set

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personal finance keyterms
1.02
12
Finance
10th Grade
09/03/2013

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Term
Goal
Definition
Something a person intends to acquire, achieve, reach, or accomplish
Term
Specific
Definition
Exact, clearly defined or explained
Term
Measurable
Definition
A figure that can be objectively assessed---e.g, a measurable cost or time
Term
Attainable
Definition
Able to be reached---e.g., a budget amount that can be realized
Term
Realistic
Definition
In keeping with reality, likely to happen
Term
time-bound
Definition
Containing a date when a goal will be reached
Term
Alternative
Definition
An option or choice
Term
Pro
Definition
A reason in favor of an option; a potential benefit
Term
Con
Definition
A reason in opposition to an option; a potential limitation or weakness
Term
Impulse
Definition
A whim or sudden desire to do something; acting without thinking
Term
Habit
Definition
A learned behavior that is repeated over and over, usually without thinking
Term
Cultural
Definition
Related to the traditions, beliefs, roles, and communication styles of a group
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