Assessment 1
1. Describe your future financial goals
Model: “By the time I graduate, I hope to have saved enough to buy a new car.”
“Once I’ve started working, I plan to put a little money into savings every week.”
2. Write your short-term and long-term goals in your notebook.
Model:

Ideas | Short-Term Goals | Completion dates | Long-Term Goals | Completion dates
Be financially independent | Buy a new car | By this time next year | Buy a house | By the time I’m thirty
Save enough to buy |  |  |  |
Cut back on expenses |  |  |  |
Create my budget |  |  |  |
Pay my debts in full |  |  |  |
Live within my means |  |  |  |

3. | Fill in the gaps with the words and expressions in the box. There are some extra words.

to make ends meet beyond your means to put away
emergencies bills in full out of debt peace of mind
1. A budget requires you... some money ... in saving.
2. A budget gives you ... .
3. A budget helps you......
4. A budget makes you better prepared for ... .
5. If you’re not paying your credit card ... you’re living.
6. A budget can keep you ... .
4. Odd one out and explain.

1. emergency 2. arise 3. bill 4. budget | financial handle paycheck impulse | substitute expense wealthy actually