Making Wise Decisions

Choice that is made about things that affect a person's life.

• values
• decision
• trade-off
• well-being

Guides individuals to think through all components of making a good decision for amajor decision

• decision-making process
• opportunity cost
• major decision
• well-being

Impacts an individual’s or family’s well‐being

• financial decision
• routine decision
• values
• decision

Have long‐term effects on a person’s life. They should be made very carefully andwith a lot of thought.

• decision-making process
• values
• trade-off
• major decision

The value of the next best alternative that must be forgone as a result of a decision

• opportunity cost
• values
• financial decision
• well-being

Made on a daily basis and it doesn’t require a lot of time to think through

• routine decision
• trade-off
• well-being
• values

Giving up one thing for another

• decision
• opportunity cost
• trade-off
• well-being

Giving up one thing for another

• decision
• opportunity
• financial decision
• trade-off

The state of being happy, healthy and prosperous

• well-being
• values
• major decision
• trade off

Fundamental beliefs or practices about what is desirable, worthwhile, and important

• values
• financial decision
• opportunity cost
• decision