Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
Most financial planners and advisers recommend that we break our financial goals into what types?
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Short, intermediate, and long-term. Although the other options are worth considering and should fit into our financial planning anyway, the primary ones should be short, intermediate, and long-term.
2.
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.
3.
Ideally, when it comes to taking out student loans, you want to borrow _______.
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As little as possible. Student loan money must be paid back with interest, so ideally you want to borrow as little as possible.
4.
When comparing needs and wants, which of the two is likely to be more practical and basic?
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Need. Needs by their nature tend to be more practical and basic, while wants tend to be the opposite.
5.
An apprenticeship program is a form of education generally associated with what industry?
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Skilled trades. Skilled trades include jobs like carpentry, electrical, plumbing, and masonry, just to name a few.