NAME: ________________________

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of 14 available terms

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5 Written Questions

5 Multiple Choice Questions

  1. -review and revise you plan;
    1. make to sure asses regularly at least once a year
  2. S Specific
    M Measurable
    A Attainable
    R Realistic
    T Time-bound
  3. 1. the time frame in which you want to achieve you goals
    2. the financial need that drives you goals
  4. 1.S
    2. G
    3. I
    4. E
    5. A
    6. R
  5. 1. consumer product goals (used up relatively quick)?
    2. durable produce goals (infrequently used)
    3. intangible goals ( health, edu, personal liesure)

4 True/False Questions

  1. What is step 3 of the financial planning process?-create and implement you action plan
    1. make sure you action plan will achieve your goals


  2. What are the types of time goals?1. short,intermediate, and long; s and i must coordinate with l


  3. What is step 4 of the financial planning process?-evaluate your alternatives
    1. know that your choice will always have consequences: opportunity cost and trade off
    2. there is always uncertainty in all choice; make sure to gather info from the correct source


  4. What is step 2 of the financial planning process?-develop financial goals
    1. i.d. feelings about money and reasons for those feelings
    2. determine the effect of the economy on your goals and priorities
    3. make sure your goals are you own and specific to your situation


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