Choose wisely. There is only one correct answer to each question.
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1.
A financial counselor serving you at work would likely be part of _______.
An employee assistance program. Workplace programs like these may have counselors who can help you with your financial plans.
2.
What is in a typical financial action plan?
A set of goals and the steps needed to achieve them. At the barest minimum, this is what it includes.
3.
Which of the following goals is stated the most effectively for a financial plan?
I want to save $5000 to buy a car 24 months from now. This goal is stated most effectively, and can be measured. It might be even more effective if the make and model of the car were specified.
4.
What is a financial action plan?
A plan that directs how you will manage your money in order to achieve your goals. Financial plans work best when they are in written form.
5.
Which of the following goals is stated the most effectively for a financial plan?
I want to pay off a $1000 balance on my credit card in 12 months. This goal is stated most effectively, and can be measured.