How much money is in your wallet right now? Do you have a savings account or a checking account? How much is in those accounts? How much do you spend every week? Do you own anything of value? The answers to these questions are very important when you are trying to decide what you want to do and where you want to be in the future. In this module, you will learn how to determine your financial worth, how to set goals, and how to manage your money so that you can meet your life goals.
Pre-Assessment:
Take the survey below to begin your exploration of money management. Drag your answer into the space below each question.
Key Vocabulary:
To view the definitions for these key vocabulary terms, visit the course glossary.
Anticipated Expense | Discretionary Spending | Pay Yourself First (P.Y.F.) |
Anticipated Income | Disposable Income | Personal Property Inventory |
Appreciation | Expenses | Personal Wealth |
Asset | Fixed Costs | Short-Term Financial Goal |
Budget | Goal | Unanticipated Expense |
Cash Flow | Income | Unanticipated Income |
Collateral | Liabilities | Values |
Collectibles | Long-Term Financial Goal | Variable Costs |
Depreciation | Luxury Goods | |
Direct Deposit | Net Worth |