Personal Finance - Objective 1.03

Match it! Select the correct answer from the pull down...Good luck!

Giving up one thing for another

The value of the next best alternative that must be forgone as a result of a decision

A goal that will be attained in more than one year

Managing money continuously through life in order to reach your financial goals

Kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. This is an example of what type of goal?

Specific objectives that are accomplished through financial planning

One element of a financial goal is missing in the example below. Which one is it? I will save $150 each month to go on a vacation in one year.

Something a person intends to acquire, achieve, or accomplish in the future