Surveys 2017 April M Money Management

Money Management

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Questions marked with a * are required Exit Survey

* Your name: * Your ID#:       * Explain the concept of a PYF fund. Include what PYF stands for in your response.       * Give an example of a fixed expense you might have.       * Give an example of a variable expense you might have.       * You have learned what the SMART Goal Guide is and how it applies to your ability to manage money. What does SMART stand for?       * Short-term goals are approximately how long into the future?       * Medium-term goals are how long into the future?       * Long-term goals are how long into the future?       * What is "instant gratification" and how does it affect your budget?       * The "opportunity cost" of your decisions is what you give up. Give a specific example that relates directly to you.