Financial Ed. Review

Smarter choices result in better use of time and money

Difficult or challenging decisions demand more consideration.

Budget is the amount of money that is available for a particular purpose.

Is the loss of potential gain from other alternatives when one alternative is chosen.

(a)  

Should be realistic, be specific, and have a timeframe.

Probabilities of loss or the chance of adverse outcomes

People are always aware of economic influences that can affect decision-making.

It’s important to have current information, assistance, and data on all of the relevant factors.