Finace

Habits can...

help you soar to success, they are automatic. Kick in before you can stop to think if they are helping or hurting you in long run

What's a spending log

something to record everything you spent money on and how much each day. It can be an eyeopener

What is delayed gratification

waiting until you know you can afford somthing

Why is waiting to purchase something beneficial?

Gives you time to think through your purchase before you spend the money. By taking time you see if you really do want the item or will actually use it so you don't regret the purchase.

What is the difference between want and need

Needs are things that are essential to your health and security.( ex. you need a place to live, clothes)
Wants are to make life more interesting and fun but you can live without them.

An item can be considered a need if it's essential to getting a need. True or False?

True

values

the ideas and beliefs that are most important or meaningful to you

Decision about whether something is a need or want depends on your _____

values

To set clear goals the first step is to..

figure out the desired end result

SMART acronym spelled out is:

Specific, Measurable, Attainable, Relevant, Time-Bound

The SMART acronym is

a checklist for creating reachable goals that will help guide you to success