Planning Beginner: Create a Financial Action Plan--Keep It Simple

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1.
You can set and keep track of your financial goals on your cell phone.
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True. There are special goal-setting apps and financial planning apps that you can use right from your cell phone (or tablet, if you like).
2.
There are professional financial planning sources that can help you write a financial action plan. Which of the following do they include?
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All of the above. You can find financial planners in many different capacities.
3.
A financial action plan is the same thing as a budget.
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False. It is about more than just how you spend your money.
4.
Which of the following goals is stated the most effectively for a financial plan?
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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.
5.
A financial goal that you set might fail because it was _______.
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Any of the above. These are all things that sabotage one's efforts. That's why clear goal-setting is needed.