Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
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.
2.
Which career or educational path is likely to pay the most money once you have a career?
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Bachelor's degree. As a rule, a bachelor's degree will pay the most. There are exceptions to this rule, however.
3.
The amount you should consider keeping in an emergency fund should cover _______.
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3-6 months of expenses. This is a good rule of thumb. If you lost your job this would give you an opportunity to find a new job and ensure you could cover your living expenses for 3-6 months.
4.
A financial goal should be attainable if you have any hope of it coming true. This means that you need to be able to take concrete steps to make it happen.
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True. As opposed to goals that are too expensive or hard to achieve, an attainable goal is one that you can take steps to make happen.
5.
You should consider revising your goals if _______.
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Your income increases or your income decreases. If your income changes at all, you may need to cut the amount you are saving or have the opportunity to save more.