Chapter 1 - Personal Finance

One's knowledge of facts, concepts, principles, and technological tools that are fundamental to being smart about money

The study of personal and family resources considered important in achieving financial success, involving how people spend, save, protect, and invest their financial resouces

Being accountable for one's future financial well-being and striving to make good decisions in personal finance

Giving up one thing for another

Spending on goods and services

Income not spent on current consumption

Assets purchased with the goal of providing additional income from the asset itself

The standard that an individual or group earnestly desires and seeks to attain, to maintain if attained, to perserve if threatened, and to regain if lost

Where you would like to be (and where you actually are)

The achievement of financial aspirations that are desired, planned, or attempted - It is the satisfaction you feel about money matters

Paying bills on time - Spending less than you earn - Knowing where your money goes - Investing some money for the future

Page 6 - The Building Blocks Of Your Financial Success