Family notes 2.

Absolute values

Extreme, definitive values that are inflexible.

Abstract symbols

Ideas rather than objects, unseen.

Acceleration effect

Quickening of life’s pace so that each unit of time saved is more valuable than the last unit.

Accommodation

An agreement reached by accepting the point of view of another person.

Actively acquired information

Information the individual actively looks for, such as fashion coverage in magazines, or news on television or the Internet.

Actuating

Putting plans into effect, action, or motion.

Adaptability (adaptive)

The ability to cope with change, to make the necessary adjustments.

Adjusting

Checking a plan or an activity and making appropriate changes.

Advocate or expert channels

Experts in a field or people with a cause who are likely to contact receivers through letters, speeches, television, or the Internet. They have a message.

Affective domain

Value meanings derived from feelings.

Africa rising

Term used to describe Africa’s growing middle class, rapidly spreading technologies, and rising incomes.

Annual Percentage Rate (APR)

Rate of interest paid over the life of credit or a loan.

Anticipation

Expectations and anxieties surrounding decisions.

Artifacts

Type, placement, or rearrangement of objects around a person.

Assessment

The gathering of information about results.

Assets

What a person owns, for example a house, car, or investments.

Attitudes

Concepts that may express values, serve as a means of evaluation, or demonstrate feelings in regard to some idea, person, object, event, situation, or relationship.

Autonomic

Family decision-making style in which an equal number of decisions are made by each spouse.

Behavior

What people actually do, how they act.

Best practices

Methods and techniques to ensure quality.

Fight or Flight Response

Alerted condition of the body preparing for physical battle or energetic flight.

Financial Counseling

Involves changing financial behaviors and outcomes, including habits like gambling.

Financial Literacy

Knowledge and understanding of financial concepts, choices, and information.

Financial Management

The practice of managing money or assets effectively.

Financial Planners (Advisors)

Professionals assisting clients in planning and managing financial resources based on goals.

Financial Security

Ability to meet daily obligations while saving and investing for future goals.

FIRE Movement

Retiring early by increasing income, savings, and reducing expenses.

Fixed Expenses

Budgeted expenses with a consistent monthly allocation, like rent or car payments.

Flextime

Variable working hours for employees.

Focus Groups

Selected groups questioned about views on topics or products.

Fossil Fuels

Remains of dead vegetation like coal, oil, and natural gases used for energy.

Functional Limitation

Hindrance in performing household tasks or work activities.

Futuristic Thinking Skills

Ability to predict future events and trends.

Gender Gap

Difference in earnings between employed men and women.

Genealogy

Descent of a person or family from ancestors.

Genome Maps

Blueprints used to study the development of animals or plants.

Gerontology

Scientific study of the aging process.

Gig Economy

Trend of working extra paid jobs or growing side businesses.

Green Building

Eco-friendly design and processes for sustainable living.

Glass Ceiling

Invisible barrier hindering women's career advancement.

Global Warming

Increase in Earth's temperature due to trapped solar heat.

Goal Disengagement

Letting go or redefining goals.

Goals

End results requiring action and directing behavior.

Goldsmith Model of Social Influence

Diagram starting with innovation and involving feedback loops.

Grit

Combination of passion and perseverance.

Gross Domestic Product (GDP)

Total market value of goods and services produced by a nation.

Gross Income

Total income received subject to taxes.

Habitat

Organism's living environment.

Habits

Repetitive patterns of behavior.

Habitual Decision Making

Making choices out of habit without additional information search.

Outsourcing

Paying someone else to do one’s work.

Pace

Speed at which a person speaks or communicates, also can refer to speed of performance in other activities.

Paradigm shift

The process in which an individual or a team tackles a problem by jumping ahead to radically innovative solutions rather than taking a gradual step-by-step approach.

Pareto’s principle

The principle stating that 20 percent of the time expended usually produces 80 percent of the results, whereas 80 percent of the time expended produces only 20 percent of the results.

Parkinson’s law

The idea that a job expands to fill the time available to accomplish the task.

Passively acquired information

Information that one hears or sees but does not necessarily seek, such as billboard advertisements or broadcasted announcements in a store.

Perception

The process whereby sensory stimulation is translated into organized experience.

Perfectionism

Personality trait or inclination to strive for no errors or mistakes.

Performance goals

Emphasize outcomes or actions, usually external things that can be seen or measured such as sporting events performance.

Perquisites (perks)

Employer given extras like parking spaces, awards, services, food, and travel.

Well-being

A state of existence characterized by security, physical, emotional, and financial health.

WFH (Work from home)

Refers to working from a location other than a traditional office or company headquarters.

Work

Effort put forth to achieve a goal, often rewarded with compensation.

Workaholism

Obsessive preoccupation with work and the belief that work is the most enjoyable aspect of life.

Work ethic

The level of dedication and commitment towards work tasks.

Work from Home (WFH)

Encompasses the personal, family, and household implications of working from home, including division of labor and space usage.

Work psychology

The study and application of principles related to work behavior and experiences.

Work simplification

Implementing more efficient work methods to streamline tasks at home or in other environments.

You-messages

Statements that typically assign blame or pass judgment onto others.

Zoomers (Gen Z)

Individuals born from the mid to late 1990s through the 2010s.