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TermDefinition
Financial Planning Managing your money to reach financial goals.
Financial Goal Specific objectives that are accomplished through financial planning.
Short-term goal A goal that is achieved in less than a year.
Long-term goal A goal that is achieved in more than a year.
Trade-off Giving up one thing for another.
Opportunity cost The value of the next best alternative that must be forgone as a result of a decision.
Created by: ZLittle97
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