Personal Exploration

What is the first step in personal finance decision-making according to the document?

• Setting financial goals

• Visualizing your future

• Choosing a career

• Saving money

Which of the following is NOT listed as a question to ask yourself about your vision for the future?

• What type of lifestyle do you want?

• What is your favorite hobby?

• What makes you happy in life?

• How do you want to be known and remembered?

According to the text, why is it important to choose a career?

• To become famous

• To support the lifestyle you want to live

• To travel the world

• To make a lot of money

Which of the following is NOT a category to consider when thinking about your lifestyle before setting goals for your future?

• Transportation

• Clothes

• Hobbies

• Health Care/Child Care

What is the time frame for short-term goals?

• Within the next couple of days

• Within the next couple of years

• Within the next six years

• Within the next decade

What is NOT one of the characteristics of SMART goals?

• Specific

• Measurable

• Time-bound

• Effort

What is the purpose of setting goals that motivate you?

• To ensure they are easy to achieve

• To ensure they are essential to you and there is value in achieving them

• To ensure they are imposed by others

• To ensure they are irrelevant to the larger picture

What does writing down a goal help to do?

• It helps to share the goal with others

• It helps to make the goal less important

• It helps to make the goal real and tangible

• It helps to forget about the goal

What is often missed in the process of goal setting?

• Focusing on the outcome

• Planning all of the steps needed

• Writing out the individual steps

• Crossing off completed steps

Why is education essential according to this course?

• It helps in personal challenges

• It affects your personal finances

• It is required for high school completion

• It provides cultural knowledge