the financial issues that affect individuals are collectively known as ______
personal financial planning includes planning your spending, your borrowing or financing, and your saving money to achieve the highest quality of _____ possible
_______ are things you own that can be very rapidly converted to cash without a risk of significant loss, such as a savings account in a bank
vehicle, cash, savings account
what are 3 types of liquid assets?
________ a legal process in which a court takes over some of the finances of a person who is unable to pay his or her bills
_______ the cost of pursing one option instead of another, expressed as the value of the activity you gave up.
-wants v. needs-rational decision-making-personal responsibility
What do you stand to gain from your knowledge of personal finance?You will be able to establish _____, ____, and take ____ for your actions.
short, medium, and long term goals
What 3 categories of goals should you plan for?
Who is responsible for judging the quality of financial advice that you receive?