Planning, Investment, & Education

What are the five steps to a goal?

How do you calculate net worth? (Give the formula in the notes.)

What are the three types of savings accounts, and what does each offer?

How does Social Security work?

What is FAFSA and what does it do?

What does the acronym FAFSA mean?

• Financial Application for Free Student Assistance

• Free Application for Federal Student Aid

• Free Assistance for Fast Student Approval

• Formal Application for Federal Student Assistance

Does it cost money to file the FAFSA?

• Yes

• No

• Only if you fill it out after January 1st

• Only if your college requires a fee

So, What is a short term personal goal?

• Something I want to achieve but will take me years.

• Something I can not achieve.

• Something I want to achieve in 12 months or less.

Which two are short term personal goals?

• Going to university

• Getting up on time

• Learning how to play a musical instrument

• Keeping a daily diary

Choose the word that best completes the sentence below.   A ___________ usually requires a lot of time and planning to accomplish. 

• goal setting
• goal
• long-term goal
• mid-term goal