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Financial Planning Courses: Lifestyle Planning/Setting Financial Goals

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1.
Your monthly budget should be adjusted _______.
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As needed to meet your needs and life situation. Budgets are rarely stable; they can and do change as your life situation changes.
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.
Most financial planners and advisers recommend that we break our financial goals into what types?
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Short, intermediate, and long-term. Although the other options are worth considering and should fit into our financial planning anyway, the primary ones should be short, intermediate, and long-term.
4.
What is the purpose of financial psychology?
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To understand the emotions, values, and behaviors that influence financial decisions.
5.
Situations or thoughts that lead to strong emotions about money are called triggers.
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True. It is a good idea to learn what your triggers are.