Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
An apprenticeship program is a form of education generally associated with what industry?
Choose wisely. There is only one correct answer.
Skilled trades. Skilled trades include jobs like carpentry, electrical, plumbing, and masonry, just to name a few.
2.
Long-term financial goals are generally goals you want to achieve in 5-10 years.
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False. Long-term goals are 10 years or greater.
3.
Your financial goals should be specific. Which of the following is the most specific goal?
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I will save $1,000 for a Chevy Malibu. Of all the choices, this one is the most specific.
4.
Financial _______ occur when you choose to spend money on a want versus a need.
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Tradeoffs. Tradeoffs occur because you forego the opportunity to take care of other financial needs you have when you spend money on wants.
5.
An apprenticeship is typically done for _______.
Choose wisely. There is only one correct answer.
A skilled trade. Apprenticeships are associated with skilled trades, though in some cases they can be done in college.