Copyright Goodheart-Willcox Co., Inc. May not be reproduced or posted to a publicly accessible website. 2 CHAPTER 1 Planning: Your Financial Future Begins Here What does it mean to plan for your financial future? Learning Objectives When you complete Chapter 1, you will be able to: LO 1-1 Define financial literacy. LO 1-2 Summarize financial goals. LO 1-3 Discuss needs and wants. LO 1-4 Explain what it means to build wealth. Key Terms financial literacy financial capability financial plan financial goal need want value priority wealth net worth asset liability Reading Prep To skim is to glance through material quickly to get an overview. It is also known as prereading. Before reading this chapter, skim the text by reading the fi rst sentence of each paragraph. Use this information to create an outline for the chapter before you read it. College and Career Readiness