Financial Planning

Which of the following is known as purchasing an item on a whim?

• Impulse
• Fixed
• Flexible
• Online purchase

Tags

CCSS.RL.5.6

Which of the following is known as something you own. 

• Liabilities
• Assets
• Net worth
• Gross income

Which of the following is known as something you owe. 

• Assets
• Liabilities
• Identity theft
• Budgeting

STATE which of the 6 steps to financial goal planning is represented in this scenario: "George is using the SMART Goals acronym to plan out the future."

• Determining Your Financial Situation

• Developing Your Goals

• Identifying Your Options

• Evaluate Alternatives

• Create and Use an Action Plan

Which of the following is known as something you owe. 

• Assets
• Liabilities
• Identity theft
• Budgeting

What is an example of assets?

• Paid off house
• house mortgage
• credit card debt
• student loans

STATE which of the 6 steps to financial goal planning is represented in this scenario: "Mary schedules a meeting with a financial adviser at E*Trade to discuss her portfolio."

• Determining Your Financial Situation

• Developing Your Goals

• Identifying Your Options

• Evaluate Alternatives

• Create and Use a Plan of Action

This is an example of a "Financial Goal"

• Graduating from college

• Becoming a teacher

• Learning to play an instrument

• Purchasing a new home

STATE which of the 6 steps to financial goal planning is represented in this scenario: "Susan begins compiling a detailed summary of her finances."

• Determining Your Financial Situation

• Developing Your Goals

• Identifying Your Options

• Evaluate Alternatives

• Create and Use a Plan of Action

Choose the "Unexpected Expense"

• Groceries each week

• Storm damage repairs

• School clothes

• Netflix subscription bill