Steps to Develop a Plan 28100

What kind of things can a professional tell you about savings and investment?

• Whether your goal is realistic.

• If the steps you have created are suitable.

• What the next steps you should take are.

• What brands you should buy.

• Who to marry based on their salary.

If the professional advice you get indicates that your goal is unrealistic you should..

• Alter your goal.

• Continue trying to save anyway.

What can a financial tool help you do?

• Calculate how much interest you need to pay.

• Create a budget.

• Calculate the savings you will accumulate over time.

• Plan your investment.

• Make money for you.

What website can help with budgeting, investment and debt in New Zealand?

(a)  

What is asset protection?

• Putting strategies in place to make sure your savings and investments are safe.

• Getting a guard dog for your home.

• Hiding all your money under your mattress.

What things can you insure?

• Your things: house, car, contents.

• Yourself: life and health insurance.

• Your job: employment insurance.

• Your friendships: buddy insurance.

• Your opinions: free speech insurance.

If I get a car loan, then crash and write off the car I don't have to pay the rest of the loan.

• Correct.

• Incorrect, most companies will only give you a loan if you have car insurance.

• Incorrect, I get back all of my money.

The banks in New Zealand have very low credit ratings and are not safe to keep my savings and investments in..

• Incorrect, most banks in NZ have at least an A rating.

• Correct, you are better off putting your money in an international bank.

There is always an option to access free financial advice in New Zealand..

• Correct, the NZ Federation of Family Budgeting Services offers free advice to anyone.

• Incorrect, you need to qualify based on your income to receive free advice.

Gathering information from friends and family members is not a adequate way to gather information about my savings goal..

• True, you must seek professional information.

• False, trusted friends and family can give good advice.