Home
>
Planning
>
Beginner
Planning Beginner:
Create a Financial Action Plan--Keep It Simple
Test your knowledge
Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
A financial action plan is the same thing as a budget.
Choose wisely. There is only one correct answer.
True
False
False. It is about more than just how you spend your money.
2.
What is in a typical financial action plan?
Choose wisely. There is only one correct answer.
A retirement plan
A set of goals and the steps needed to achieve them
Your income
None of the above
A set of goals and the steps needed to achieve them. At the barest minimum, this is what it includes.
3.
"Monitoring" your financial plan means _______.
Choose wisely. There is only one correct answer.
Setting reminders and checking in on it
Carrying out the steps in it
Writing down your financial goals
Setting reminders and checking in on it. This step exists to make sure you are on track.
4.
A financial counselor serving you at work would likely be part of _______.
Choose wisely. There is only one correct answer.
An employee assistance program
A bank
A credit union
All of the above
An employee assistance program. Workplace programs like these may have counselors who can help you with your financial plans.
5.
A financial goal that you set might fail because it was _______.
Choose wisely. There is only one correct answer.
Interrupted
Unrealistic
Not specific enough
Any of the above
Any of the above. These are all things that sabotage one's efforts. That's why clear goal-setting is needed.
Submit
DONE