Financially capable individuals make financial decisions based on responsible evaluation of the consequences.
Investigate costs and benefits to make informed financial decisions (PFL).
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Regulate one’s emotions, thoughts, and behaviors in different situations when making a purchase. (Personal Skills: Personal Responsibility)
Why do people donate to charity?
Demonstrate flexibility, imagination, and inventiveness in taking on tasks and activities that will help them reach their financial goal. (Entrepreneurial Skills: Risk Taking)
Financially capable individuals understand the cost and the accountability associated with borrowing.