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

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1.
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.
2.
"Monitoring" your financial plan means _______.
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Setting reminders and checking in on it. This step exists to make sure you are on track.
3.
A financial counselor serving you at work would likely be part of _______.
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An employee assistance program. Workplace programs like these may have counselors who can help you with your financial plans.
4.
The stated goal "I want to create an emergency fund" is sufficiently specific to start working toward.
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False. It is not specific enough; there is no way to tell how much time or money should be put into it.
5.
What is a financial action plan?
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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.